Economics
Matsui Sees 20% Topix Rally as Best Strategist on 2010
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The only strategist to predict the decline and recovery in Japanese stocks this year now says the Topix index will surge 20 percent in six months.
Kathy Matsui, chief Japan equity strategist for Goldman Sachs Group Inc. in Tokyo, is telling clients to buy automakers and technology producers because profits will rise as the yen retreats against the dollar after reaching a 15-year high in October. She has history on her side. Two months after the yen peaked in April 1995, the Topix started a 44 percent rally over 12 months, according to data compiled by Bloomberg.