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Goldman Joins Japan Stock Bulls as Abe Advance Seen

Goldman Sachs Group Inc., Bank of America Corp. and Nomura Holdings Inc. are predicting Japanese stocks will extend their longest streak of gains in 23 years as extra economic stimulus boost earnings.

The Topix Index, Japan’s broadest gauge of share performance, rose for nine straight weeks through Jan. 11, the longest stretch since December 1989, when it hit a record 2,886.5. Goldman Sachs boosted its estimate to 1,000 on Jan. 7 from 930, while Bank of America increased its 12-month estimate to 1,250 from 1,050, according to a Jan. 11 note from Tokyo-based chief equity strategist Naoki Kamiyama. That’s a gain of 39 percent from the last close of 898.69.