Why Japanese Stocks Enter Bear Market?

2018-12-20

687 Less than a minute

Topix falls 21 percent from January peak on economic worries!

“It looks like the market had been expecting some sort of action from the BOJ, like maybe an increase in the amount of ETF purchases — but there was nothing,” said Tetsuo Seshimo, a portfolio manager at Saison Asset Management Co. “And with the Fed kind of slowing the pace of its rate hikes, that would mean a weaker dollar and a stronger yen.”

Reference

Bloomberg, Livia Yap, Min Jeong Lee and Keiko Ujikane, 2018-12-20, “Japanese Stocks Enter Bear Market as Fed, BOJ Spark Concerns”