Japanese Investment Commentary and Market Outlook July 2023
'A pause in Japan’s rising streak'
The Japanese stock market experienced a halt in its rising streak and traded sideways in July. On 28 June, the Bank of Japan surprised the market by unexpectedly loosening its yield curve control. TOPIX 12 month forward PER stayed at around 14x.
Written by Serge Kasai, Senior Product Specialist, Asset Management One Co., Ltd