The prospects for Japanese exporters have so far been uncertain, and financial institutions are already benefiting from the optimistic market sentiment in Asia’s second largest economy.
Tokyo In Japan, the shock is followed by hope. 2022 ended with a nasty stock market tremor for investors in Japanese stocks. To everyone’s surprise, Japan’s central bank doubled the trading corridor for ten-year government bonds (JGBs) to 0.5 percent just before Christmas. The market had not expected this step until 2023 at the earliest. As a result, the yen strengthened, depressing exporters’ earnings prospects and stock prices.
For 2023, however, the stock market barometer shows growth again. Some experts even believe that Japan’s stock prices, fueled by a growing economy, could reach their highest level since the stock and real estate bubble burst in the early 1990s.
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