What will happen to Japanese stocks in the future?” While Mr. Buffett's “God of Investment” is expected to continue investing, a summary of predictions for major Wall Street companies

Berkshire Hathaway decided the conditions for issuing yen denominated corporate bonds on November 17. While continued investment in Japanese stocks is expected, funds were raised in the yen bond market following April. This is Berkshire's second yen-denominated bond. According to Bloomberg's tally, Berkshire has issued most corporate bonds in yen since 2019/9, when it first appeared on the yen bond market.

risks
Japanese stocks have had a landslide victory over Chinese stocks this year, but some investors think that trend is about to change. The headwinds against Japanese stocks are getting stronger.Global growth worsensIn addition toBank of Japan under pressure to tighten monetary policyIt has supported the interests of exporters while being exposedFear that the era of depreciation of the yen will endThere is.

Tribeca Investment Partners fund manager Jun Bei Liu predicted that “the relative outperformance for the next 12 months will come from China or the China-centered economic zone.” In response to this year's remarkable outperformance, it showed recognition that “Japanese stocks tend to be a means to secure funds for such trades.”

Mr. Ikeda Yunosuke of Nomura Securities and his colleagues pointed out in the 2024 Japanese stock forecast that there is a possibility that the upper price will become heavy in the latter half of the year due to the Bank of Japan's policy normalization and the strengthening of the yen. Also, Morgan Stanley's Serena Tan and Bishwanath Tirupachu indicated that there is a risk that the yen exchange rate will rise more than expected due to Bank of Japan monetary policy changes above expectations or global economic growth below expectations.

Regarding the possibility that the inflow of funds from foreign investors and business corporations will continue in 2024, he said, “The exposure of funds around the world to Japanese stocks is high, and the situation is much higher than the past 10 years, soThere is limited room to increase holdings” HSBC Holdings' strategists Gerald van der Linde and Prelna Garg pointed out.