My subscription
My Subscription All Publications

Japan’s stock market may not go from strength to strength

We don’t expect the recent surge in Japan’s stock market to last, and think it will make much smaller gains over the next couple of years.
Thomas Mathews Markets Economist
Continue reading

More from Global Markets

DM Markets Chart Book

Markets are creaking but not (yet) breaking

So far, the sell-off across bond and equity markets this year has not triggered major signs of systemic risk. If that were to change, central banks would probably have to step in to prevent a destabilising cycle of panic selling and money market distress from taking hold, even if such as step would to some extent clash with their plans to tighten monetary policy further. This publication takes stock of the various signs of stress across the global financial system. We intend to update the analysis periodically while the current market turmoil continues. In view of the wider interest, we are making this Stress Monitor available to clients of our Global Markets, FX Markets, and Asset Allocation Services.

20 May 2022

Global Markets Update

Earnings may be the next headwind for the S&P 500

Despite its struggles yesterday, we think the S&P 500 may have some way further to fall as the economy slows and more companies struggle to meet optimistic earnings expectations. Note: We’ll be discussing the markets outlook in light of Wednesday’s sell-off in a 20-minute online briefing on 19th May at 10:30 ET/ 15:30 BST. Register now.

19 May 2022

Global Markets Update

Bear markets, monetary tightening and the S&P 500

The current struggles of the S&P 500 don’t have much in common with most previous “bear markets”, but we still think one is likely as the Fed presses ahead with monetary tightening.

18 May 2022

More from Thomas Mathews

Capital Daily

China’s financial markets, Evergrande, and global spill-overs

Although we doubt the current slowdown in China’s economy will reignite 2015-style “hard-landing” fears that weigh heavily on risky assets generally, we are anticipating some negative spill-overs, particularly for commodity currencies and materials-heavy stock markets.

16 September 2021

Capital Daily

Japan’s politics and financial markets

Despite investors’ hopes for a potential renewal of Abenomics-style policy in Japan, we suspect the yen will continue to hold its ground much better than after Abe was elected in 2012.

13 September 2021

Global Markets Update

We expect Japan’s stock market to run out of steam

While uncertainty remains about the implications of the resignation of Japan’s PM Suga for the country’s equities, we think the big picture is that they will see relatively small gains over the next couple of years.

10 September 2021
↑ Back to top