Record-High Nikkei’s Rise Just Getting Started on Foreign Demand
- Some analysts project Nikkei gaining more than 10% from here
- Solid fundamentals driving rally, Platinum Asset’s Halse says
Inside the Tokyo Stock Exchange in Tokyo on Feb. 22.
Photographer: Soichiro Koriyama/BloombergThis article is for subscribers only.
The stock rally that pushed Japan’s Nikkei 225 Stock Average past a record that stood for more than three decades looks set for further advances as foreigners rush back in.
That’s the view of investors and strategists, who are also watching for a potential broadening of equities gains that may take the wider Topix index to an all-time high this year. Fund flow data indicate there’s scope for trillions of yen to return to Japan’s stock market based on figures compiled by Bloomberg.