Sakagami Ryota (阪上亮太), an equity strategist at Citigroup Global Markets Japan, said on a Radio NIKKEI program that the Nikkei Stock Average could set a new record high by year-end. The outlook is supported by solid corporate earnings and a more stable policy environment.
Sakagami Ryota (阪上亮太), an equity strategist at Citigroup Global Markets Japan, appeared on the Radio NIKKEI podcast program “NIKKEI Clip News,” distributed on the 10th, and said the Nikkei Stock Average could set a new record high around the year-end and New Year period.
He said he believed the swings in U.S. policy had become smaller, while explaining that the Nikkei’s strength was supported by corporate earnings.
He said on the same program that the Democratic Party’s securing of majorities in both chambers of Congress in the U.S. midterm elections would make it more difficult for the Trump administration to implement policies as it wished. He also pointed out that Japanese companies need to remain alert to policy risks, including high tariffs.