Allianz Global Investors predicts Japanese stocks, including Nikkei, to reach record highs by year-end, despite geopolitics and yen volatility.
Allianz Global Investors, with $2.4 trillion in assets, says that Japanese stocks will defy geopolitics and yen volatility. Chief investment officer for Japan equity, Koji Nakatsuka, expects the Nikkei to return to record high levels by year-end, as solid corporate fundamentals and the long-term AI outlook provide support. Despite recent weakness due to Middle East tensions and currency volatility, Nakatsuka believes this is temporary.
April 22, 2024
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