2015: Japan with Global Investment Research's Kathy Matsui

The outlook for japan 2015 looks very positive in our opinion we believe that japan is going to produce returns that will top the return elsewhere in world 1650 other topics target that represent todd returns of nearly 20 percent the highest forecasting for anybody markets around the world to me for tenants arguments to support a positive view. Is the policy invalid that we find ourselves looking at in terms of japan in 2015 is one that is very supportive of the equity market so we have the bank of japan conducting extraordinary and record levels of asset purchases a quantitative easing the government has also decided to postpone the second planet hiking a consultant tax and that is going to be the cause is not going to be easy going to come down for the overall macro path environment
is very stable second we are in to subpoena profit growth in japan continue to expand in the following year and that's going to lead to record levels of return on equity japan's companies that she never produced an are we in a double digits and we expect it going to post airways excess of 10 percent goes to eleven over 2015 the third reason is because those are also very feel the flow of funds dynamics in the past japan smugglers been dominated porn investors 14 investors buy japanese sure the market when i saw the market went down since ad 2014 how we see in genetics shift in the floor fans landscape 10 japanese domestic investors including pension funds also proper to become the dominant buyers in the japanese stock market so it's no no longer market toy depend on form close redcar domestic investors are now also pulling their weight for this more broad based men support for the markets in love with a we believe there is it