World’s Biggest Comeback Breathes Life Into Japan’s Equity Bulls
- Citigroup, AllianceBernstein optimistic after Nikkei 225 surge
- Weak yen, foreign inflows fuel rebound from bad start to 2016
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The global stock market’s biggest comeback story of 2016 isn’t over yet.
So say Citigroup Inc., AllianceBernstein and Bordier & Cie, who all see further gains for Japanese shares after the Nikkei 225 Stock Average climbed more than 20 percent from this year’s low. The $5 trillion market has outperformed all its developed-nation peers since late June, buoyed by a weakening yen, a more favorable monetary policy stance from the Bank of Japan and the return of overseas money managers.