If the BoJ exits its Negative Interest Rate Policy (NIRP) this week, to zero (ZIRP) expect a snap reaction to a stronger yen with temporarily weaker stock prices, especially exporters.
The drivers of the Japanese equity market in 2023 remain intact and are likely to build momentum for the rest of the year.
The easy money for 2024 has been made, but the peak of opportunity in Japan has not passed.
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