While traditional investment wisdom holds that the market will be volatile in 2017, Tokyo stocks will likely continue the current "Trump rally" this year, although at a mild pace, supported by a weaker yen and solid corporate earnings.

The course of the stock market in the Chinese zodiac Year of the Rooster is expected to be mainly affected by the economic policies of the incoming administration of U.S. President-elect Donald Trump.

Strong hopes for so-called Trumponomics, a major driving force of the ongoing market upsurge, may dim somewhat after his inauguration on Jan. 20, analysts said.