![]() ![]() Read:Warren Buffett is buying Japanese stocks. A in June boosted its stake in a handful of Japanese trading companies. On the plus side, bullishness around Japanese stocks hasn't been limited to billionaire investor Warren Buffett, who's Berkshire Hathaway BRK. With that backdrop, investors will be tuned into Friday's Bank of Japan meeting for any changes to its monetary policies, while also scouring the horizon for signals about if the year's strong stock-market rally still has legs. The S&P 500 index ended the session up 18.6% on the year. Stocks have continued to drift higher in the second half, with Japan's Nikkei 225 JP: NIK gaining 1.2% on Monday, advancing 25.3% on the year, according FactSet. equivalent rose 17% in the same stretch "by successfully fighting the Fed," according to Scott Opsal, director of research and equities at The Leuthold Group.Įarlier: Japan's stock market is smoking the S&P 500. In the year's first half, Japanese stocks returned 24% in the local currency, as measured by the MSCI family of international indexes, while the U.S. and other developed markets, while defying the tightening trend at other global central banks. Japan's stock market roared higher in the first half of 2023, trouncing gains scored by equities in the U.S. Friday Bank of Japan meeting in focus for hints of change
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