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Extraction Summary
3
People
28
Organizations
1
Locations
0
Events
2
Relationships
4
Quotes
Document Information
Type:
Investment strategy report
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Summary
Bank of America Merrill Lynch presents a bullish outlook for Japanese equities in 2017, forecasting the Nikkei 225 index to reach 20,000. The strategy advises a rotation from defensive stocks into cyclicals, banks, and insurance. This is based on an anticipated upturn in the inventory cycle, rising inflation and interest rates, and a strong macroeconomic environment.
People (3)
| Name | Role | Context |
|---|---|---|
| Shusuke Yamada | ||
| Izumi Devalier | ||
| Michael Hartnett |
Organizations (28)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch | ||
| MLPF&S | ||
| FINRA | ||
| Bloomberg | ||
| Haver | ||
| Mitsubishi UFJ FG | ||
| Dai-ichi Life | ||
| JR East | ||
| Japan Post Bank | ||
| MS&AD Holdings | ||
| JR Central | ||
| SMFG | ||
| Sompo Holdings | ||
| Nintendo | ||
| Resona HD | ||
| Shin-Etsu Chem | ||
| Recruit HD | ||
| Mitsubishi Elec | ||
| FUJIFILM | ||
| Oriental Land | ||
| Nidec | ||
| Sony | ||
| Fuji Heavy Ind | ||
| Hitachi | ||
| NTT DATA | ||
| Suzuki Motor | ||
| Panasonic | ||
| NSSMC |
Locations (1)
| Location | Context |
|---|---|
Relationships (2)
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Key Quotes (4)
"We are bullish Japan equities for 2017 and we estimate the Nikkei 225 index will recover to 20,000 by end-2017..."Source
HOUSE_OVERSIGHT_014404.jpg
Quote #1
"We expect rotation into cyclicals, banks and insurance as explained below."Source
HOUSE_OVERSIGHT_014404.jpg
Quote #2
"We expect cyclicals to outperform defensives, premised on our end-2017 $/ estimate of ¥120, and this is supported by our above-consensus economic growth outlook."Source
HOUSE_OVERSIGHT_014404.jpg
Quote #3
"Resurgence in the "Japan macro trade" of short yen / buy equities is also a possibility."Source
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Quote #4
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