Posted 2/26/2024, 9:54:18 PM
Japanese Stocks Outperform Despite Economic Struggles; Global Markets Benefit from Dovish Policies
- Japan's stock market has been one of the top global performers, but economic growth is weak and the country is in a recession
- Success of Japanese equities is "perplexing" amid economic struggles, may be boosted by weakening currency and quantitative easing policies
- Berkshire Hathaway has raised its stakes in top Japanese companies recently and praised its investments
- US markets continue climbing even as expectations for Fed rate cuts have been trimmed back
- If Fed turns more hawkish later this year, it could become a headwind for US markets after a strong start to 2023