An important factor in predicting the stock price in 2025 is the movement of the Dollar-Yen exchange rate.In 24, stock prices generally followed the pattern of 'strong yen = higher stocks', with the historically low yen contributing to the rise in stock prices.On the other hand,The rapid appreciation of the yen accelerated by statements from the central bank tops of Japan and the United States prompted a rapid unwinding of yen carry trades by overseas hedge funds, leading to the 'Reiwa Black Monday'.。
Summarizing the projected rate movements for 25 by world financial institutions, reflecting on the impact of the 24 Dollar-Yen rate movements and the Japanese economy, while examining the risk factors affecting stock prices.
In 2025, a slow appreciation of the yen is the main scenario, with minimal impact on stock prices.
In 2025,Many financial institutions expect the yen to gradually appreciate towards the end of the year.。
According to Bloomberg, as of December 16, banks and securities firmsThe average value of the forecast rates for 25 years by 69 institutions is 151 yen at the end of March, 149 yen at the end of June, 148 yen at the end of September, and 146 yen at the end of December.This marks the highest order intake for the period of April-September.
Centered on Japan and the United States.Even among the top 9 financial institutions in the world, 6 institutions operate throughout the year...