0649 GMT - The Bank of Japan meeting's outcome looks "ideal" for Japan's equity markets, say strategists at Citi Research. "The BoJ decided to raise the policy rate from 0.75% to 1.0% and to cease its reduction in long-term JGB purchases from April 2027," the strategists note. Its decision "maintains accommodative monetary conditions while suppressing sharp fluctuations in exchange rates and long-term interest rates," the strategists say in a research report. Citi Research forecasts Japanese corporate earnings to continue growing by around 10% annually. This will be "driven by aggressive price pass-throughs that boost profit margins and by economic support from government and BOJ policies," the strategists add. Japan's Nikkei Stock Average closed 0.1% higher Tuesday at a record 69404.50. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 16, 2026 02:49 ET (06:49 GMT)
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