What Julius Baer analysts said about the Bank of Japan, the yen and Japanese stocks
Julius Baer is one of the oldest Swiss banking institutions, and Julius Baer ranks second among Swiss banks after UBS, he said:-
- There is no need for the Bank of Japan to raise interest rates more than it did.
- As soon as the markets stabilize, the difference in interest rates between the yen and the US dollar of 500 basis points will again be preliminary.
- We don't see the yen appreciating from here.
- The pillars of the Japanese stock market remain unchanged, including wage growth of 5% this year and corporate reform.
- Increase dividends and repurchase of shares.
- Earnings growth for the Nikkei 225 index is unanimously expected to reach 7% this year, and 8% next year.
