Policy Stance: Money Managers and Citigroup Inc

policy stance: The 5 trillion market has outperformed all its developed-nation peers since late June, buoyed by a weakening yen, a more favorable monetary policy stance from the Bank of Japan and the return of overseas money managers, according to Bloomberg. The Topix index joined the Nikkei 225 in a bull market on Monday, adding 1 percent to 1,442.93 at the close in Tokyo. So say Citigroup Inc., Alliance Bernstein and Bordier & Cie, who all see further gains for Japanese shares after the Nikkei 225 Stock Average climbed more than 20 percent from this year low. The broader stock gauge is up 21 percent from its low in February. function global function ad Code dimensions id 1 0 2 1 10 strategy targeting targeting Modifiers ; ; window ; It a dramatic recovery for a market that sank at least 18 percent in the first half as the yen strengthened and investors lost confidence in Prime Minister Shinzo Abe ability to revive economic growth. The Nikkei 225 average bull market since 1970 has delivered a 90 percent gain over more than 600 calendar days, four times longer than the index current advance from its June low. While skeptics warn that the gains are vulnerable to weak domestic demand and any number of potential surprises from U.S. President-elect Donald Trump, optimists can take heart from Japan history of sustained rallies. (news.financializer.com). As reported in the news.