Japan Stock Market Disappoints in 2014

March 28, 2014 Share Print 0

The first quarter has been a mixed bag for Asia’s major markets, with last year’s star performer turning into this year’s laggard in a sharp reversal of fortune.

Japan’s benchmark Nikkei 225 is the region’s worst-performing market, down over 10 percent year-to-date following stellar gains of 57 percent in 2013, on growing concerns the government may not to deliver on its promise to put the economy on a sustainable growth path.

Foreign investors sold a net 1.84 trillion yen ($18.1 billion) of Japanese stocks in the year to mid-March, reversing from 2013 when they bought a record 15.1 trillion yen, according to Reuters.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.