Nikkei Expected To Rise 16% In 2014

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.

Yahoo Finance

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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu