Japan's stock market rally will continue in the second half, but with a key shift, BlackRock says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 10 2024
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Source: CNBC
- Japanese Stocks Rally Continues: BlackRock Investment Institute predicts the rally for Japanese stocks will persist in the second half of the year.
- American Investors' Participation: The best way for American investors to join the rally may change, with a recommendation towards overweighting on Japanese stocks.
- Currency-Hedged vs. Unhedged Investments: BlackRock's outlook favors Japanese investments that are not currency-hedged, despite the yen's historic slide against the U.S. dollar.
- Performance Discrepancy: Currency-hedged Japanese funds like HEWJ are outperforming their unhedged counterparts in 2024.
- Positive Outlook and Support: Both BlackRock and Goldman Sachs Asset Management are optimistic about Japan's equity market performance, citing structural changes and potential stabilization of the yen.
Analyst Views on EWJ
Wall Street analysts forecast EWJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 84.780
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
