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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's market rally is going through a 'transitional phase': Goldman SachsBruce Kirk, chief Japan equity strategist at Goldman Sachs, discusses the Bank of Japan's hawkish pivot and the outlook for the country's market.
Persons: Goldman Sachs Bruce Kirk, Goldman Sachs Organizations: Bank of Japan's Locations: Japan
A pedestrian looks at an electronic stock board outside a securities firm in Tokyo, Japan, on Tuesday, Dec. 25, 2018. Japan's stock markets have hit a six-month low, declining for two straight days, after the Bank of Japan raised benchmark interest rates to their highest level since 2008. Speaking to CNBC's "Squawk Box Asia," Bruce Kirk, chief Japan equity strategist at Goldman Sachs said that the Japanese market rally had reached a "transitional phase." Yes, there's a fundamental shift taking place in the market, but it's not unusual," Kirk said. "I think people are now looking for areas that are more domestic demand focused, and that's really putting the interest back on Japan's small [and] mid-caps."
Persons: Bruce Kirk, Goldman Sachs, Kirk Organizations: Bank of Japan, Nikkei, CNBC Locations: Tokyo, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs says the weak yen is a 'double-edged sword' for Japan stocksBruce Kirk, Goldman Sachs' chief Japan equity strategist, discusses the Bank of Japan's monetary policy and the outlook for the Japanese stock market.
Persons: Goldman Sachs, Bruce Kirk Organizations: Bank Locations: Japan
The World's busiest pedestrian crossing © Marco Bottigelli | Moment | Getty ImagesWith Japanese stocks suddenly back en vogue with global investors, analysts at top Wall Street investment banks are predicting more upside for the country's benchmark indexes. Goldman Sachs strategists wrote in a Monday research note that foreign investors' positioning on stocks in Japan is still underweight. "Whereas we believe positioning is stretched among short-term investors such as CTAs (Commodities Trading Advisors), positioning is still light among foreign long-term investors," strategists Kazunori Tatebe and Bruce Kirk said. Stock Chart Icon Stock chart iconThey added that they see Japan stocks benefiting from "structural changes" in the economy. "If progress is made in accordance with investor expectations, Japanese stocks could see a prolonged advance over the medium term, and we continue to see risk to the upside for Japanese stocks," they added.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Japanese yen is strengthening but it's still 'not a strong yen,' says Goldman SachsBruce Kirk of the investment bank says the Japanese yen is "a very long way away" from strengthening to below 125 against the greenback.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs strategist explains why he likes high quality Japanese factory automation namesBruce Kirk of the investment bank says factory automation is a global theme that is "getting a lot of attention at this time."
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