Japanese equities to rise further towards end-2021 – Goldman Sachs

Analysts at Goldman Sachs remain bullish on the Japanese equities, citing more gains in the offing despite the unflooding global downside risks.

Key quotes

“Japanese equities have been rising at a rapid pace, but we see further upside toward year-end.“

“Although downside risks originating overseas are in focus recently, ultimately, we expect positive domestic factors to prevail.”

“The LDP and its coalition partners' outlook for the Lower House elections has improved considerably of late, and history suggests that Japanese equities are likely to perform solidly heading into and following the elections.”

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