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Japan's Topix hit its highest since August 1990 (Also, expectations for BOJ to widen YCC)
Japan’s Tokyo Price Index, also known as Topix, is up over 6% YTD. Topix is a broad index, with around 2,000 constituents.Soc Gen on the performance:Foreign investors are back – which says something about the nature of the equity market recovery in JapanThat is a less (of) a duration trade than a broad-based upturn based on fundamentals, robust domestic demand, and more generous distribution policy (share buybacks accelerate)foreign investors bought a net 2.1 trillion yen ($15.4 billion) worth o...
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Posted: May 17 2023, 03:46
Author Name: forexlive
Views: 102270