A weaker yen is forecast to help boost corporate earnings and drive Japan’s Nikkei to double-digit gains next year, a Reuters poll found on Thursday.
The Nikkei is expected to rise to 18,000 by the end of 2014, compared with Wednesday’s close of 15,515.06, according to the median forecast of 21 analysts polled by Reuters in the past week.
Market observers said investors would continue buying into exporters, whose earnings are expected to further improve in the coming fiscal year, helped by the yen’s weakness.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.