Economics
2020 May Just Be the Year Japan’s Topix Peaks
- Jefferies, Goldman Sachs and Nomura all expect further gains
- Okasan sees a correction in equities between 2021 and 2023
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Japan’s stock-market rally has more to go, and the Topix index might reach a peak by mid next year, some strategists and fund managers say.
Nomura Securities sees the benchmark gauge rallying as much as 19% to 2,075, buoyed by pick up in corporate earnings. Jefferies and Goldman Sachs Japan are among those that expect a recovering global economy will help boost the shares.