The head of global market strategy at French financial major Natixis said that “inflation is the best friend,” expressing the view that Japanese stocks are becoming more attractive as investments against a backdrop of improving earnings.
As global interest rates continue to rise, Asian equity markets, including Japanese equities, are considered resilient, with persistently high real interest rates and rising capital costs influencing market trends. According to a Nikkei analysis, Japanese stocks are becoming more attractive as investments across equity markets in the region, including South Korea and Taiwan as well as Japan and the United States.
Mabrouk Chetouane (マブルック・シェトゥアン), head of global market strategy at French firm Natixis Investment Managers, described inflation as “the best friend” and expressed a positive view of the outlook for Japanese stocks. He also referred to the stability of Asian equity markets amid continued high real interest rates and rising capital costs.
The article is available to subscribers, with the remainder accessible in the paid edition. Its main points are the view that rising earnings are supporting the investment appeal of Japanese stocks and that market stability is being assessed against the backdrop of views on inflation.