The Nikkei 225 Stock Average may reach 15,000 if Japan’s inflation rate reaches 2 percent, according to Tomomi Yamashita, a senior fund manager at Shinkin Asset Management Co. in Tokyo, which oversees about 500 billion yen ($5.6 billion).
On the Bank of Japan’s policy decision today to adopt a 2 percent inflation target and shift to Federal Reserve-style open-ended asset purchases:
“The long-term trend for Japanese stocks is still up. The fact that the government and the BOJ are working together is very positive. Also, if the inflation target of 2 percent is reached, we could see the Nikkei 225 rise to 15,000.
‘‘The BOJ are now on the same page as central banks globally in increasing easing measures to stimulate the economy. They are all lined up now.
‘‘The volatility of stocks is increasing, which means investors risk appetite is also increasing.
‘‘The question now is what the actual government policies will be and that’ll become the focus from here on.’’