The stimulus measures in China could yield another 4 percent rally in the Japanese stocks by end-December, a Reuters Poll found.
Median estimates from 24 analysts and fund managers polled by Reuters in the past week put the Nikkei at 22,300 by year-end, compared with 20,014.77 at the end of 2018 and Tuesday’s close of 21,449.39.
The bechmark index is already reporting around 7 percent gains on a year-to-date basis.
China’s economic grew at the weakest pace in nearly three decades last year and with forward-looking indictors like PMI pointing to more pain, the government is expected to deliver more stimulus. That could bode well for export-reliant Japan.
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