Economics
Decoupling Is Hard to Do for Japan Stocks Still Tied to the Yen
- Trump setback, yen moves bring Topix near erasing year’s gain
- Analysts seek shift in focus toward fundamentals, earnings
Goldman's Matsui Sees Japan Market as 'Hidden Gem'
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Japan’s stock market is again showing itself handcuffed to U.S. growth prospects and its own currency.
Ties tightened in the last week as separate selloffs exceeding 1 percent befell Topix investors for no other reason than the failure of Donald Trump’s health-care overhaul. The president’s setback heightened broader concerns about his stimulus agenda for the U.S. economy, sending the yen surging toward 110 per dollar and bringing the Topix to the brink of erasing its 2017 advance.