Asset Management One Co., Ltd.

AMO Japan Market Review August 2023

12th September 2023

Japanese Investment Commentary and Market Outlook August 2023

'Rising yields swing stocks and the yen falls'

The Japanese stock market initially experienced a decline from the beginning to the middle of the month due to rising long-term interest rates both in Japan and the United States but rebounded towards the end due to less hawkish statement from the Fed and strong corporate earnings. TOPIX 12 month forward PER fell below 14x.

  pdf Asset Management One International Market Review August 2023

Written by Serge Kasai, Senior Product Specialist, Asset Management One Co., Ltd

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