SINGAPORE/HONG KONG – Two leading investment strategists have offered a rare bullish view of the market, saying Prime Minister Shinzo Abe is achieving his goal of reviving the economy by weakening the yen, and there’s more to come.
Stefan Hofer, chief investment strategist in Asia at BNP Paribas Wealth Management, said the yen may drop about 8 percent to 130 per dollar over a year, boosting earnings that have driven an equity rally.
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