The BoJ’s receding uncertainty around policy could cause Japan stocks to catch up to U.S. stocks - Citi

seekingalpha03-26

Changes in the Bank of Japan’s monetary policy could cause Japanese equities (NKY:IND), (EWJ) to catch up with U.S. stocks (SP500) on a U.S. dollar basis, according to a Citi Research Macro Think Tank...

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If the BoJ keeps zero interest rates for now, negative real-term rates will continue, and this could be positive for the Japanese economy and its asset prices, analysts said.  In addition, bank stocks have been rising due to the expectations of a central bank policy change, “and are now at a level that prices in the lifting of NIRP (negative interest rate policy) and YCC (yield curve control), we accordingly see them peaking near-term.”   Mitsubishi UFJ Financial Group, Inc. (MUFG) Sumitomo Mitsui Financial Group, Inc. (SMFG) Mizuho Financial Group, Inc. (MFG) JAPAN POST BANK Co., Ltd. (OTCPK:JPSTF)  Japanese real state stocks also have a substantial upside even with current inflation expectations, according to analysts. “We think receding uncertainty around BoJ policy following today’s MPM (monetary policy meetings) could have real estate stocks erasing their laggard status.”  Nippon Building Fund Inc. (OTCPK:NBFJF) Japan Real Estate Investment Corporation (OTCPK:JREIF) Nomura Real Estate Master Fund, Inc. (OTCPK:NMMRF) Japan Metropolitan Fund Investment Corporation (OTCPK:JRFIF)   More on NIKKEI 225 Index:  Market Hears A Dovish Fed And Sells The Greenback Bank Of Japan's Rate Decision May Be A Global Game Changer For Markets Japan's Q4 '23 Contraction Revised Away, Helping Keep Yen Bid Japan's Nikkei tops 40,000 for the first time as historic rally continues Japan's Nikkei rallies past 35,000 for the first time since bubble era","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422288615"}