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Tokyo stocks set to climb in 2021 as economy recovers from pandemic

Dec 30, 2020 Tokyo stocks are likely to climb in 2021 with progress in global COVID-19 vaccinations helping to improve the business climate and Japan’s accommodative monetary policies remaining in place. Analysts forecast the benchmark 225-issue Nikkei stock average of the Tokyo Stock Exchange, which finished 2020 trading Wednesday at 27,444.17 the highest year-end close since 1989 will move between 21,000 and 30,500 in 2021. “In the first half of 2021, the stock market will still be weighed down by the continuing pandemic. But as more people get vaccinated, there will be a bigger pickup in the second half,” said Makoto Sengoku, senior equity market analyst at the Tokai Tokyo Research Institute.

The Market the Central Bank Bought

The Market the Central Bank Bought The Bank of Japan becomes the country’s largest stockholder. Journal Editorial Report: Paul Gigot and Mary O Grady on identity politics and corporate boards. Image: Stephen Chernin/Getty Images By Dec. 15, 2020 6:25 pm ET The Federal Reserve’s Open Market Committee is meeting this week, and we’ll learn Wednesday if it will expand its purchases of Treasurys and private bonds. Which makes it a good moment to point out that the Bank of Japan is now that country’s largest single owner of equities. This is a milestone worth marking since pressure inevitably will mount on other central banks to follow where Japan’s excessively innovative monetary authorities lead.

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