Premium edition of the Stock Newspaper: Nomura and Daiwa Securities have upwardly revised their Nikkei Average forecasts to 50,000 yen by the end of the year based on ‘Sanae-nomics.’
Following the appointment of Sanae Takaichi as the new president of the Liberal Democratic Party, there has been a wave of upward revisions in forecasts for Japanese stocks. Both Nomura Securities and Daiwa Securities are projecting that the Nikkei Stock Average will reach 50,000 points by the end of the year.
President Takaichi, who is highly likely to become Japan’s first female prime minister, is considered a successor to Abenomics, advocating economic growth through aggressive fiscal expansion. She is also known for her accommodative stance on monetary policy. In the markets, the “Takaichi trade”—buying Japanese stocks and selling the…
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