• Bloomberg


Prime Minister Shinzo Abe’s focus on reviving confidence to spur economic growth means he will drive the Nikkei 225 stock average toward 22,000 next year, a level unseen since 1996, according to Barclays PLC.

“If the audience is Mom and Dad, the main game is improving the fortunes of the Nikkei,” Nick Wright, the bank’s head of equities and co-head of trading for the Asia-Pacific region, said in an emailed response to questions last week. “The more confident people feel in general about the future, the more likely consumers will spend, the more likely businesses will invest, the more likely entrepreneurs will engage, and the more activity in general increases. The Nikkei is an obvious and visible sign that things are getting better.”

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