Japan's Bull Market Signifies Possible End of Deflation Era
• JPMorgan strategist says current bull market in Japan should be called “end of deflation” market, as core inflation hit 2% in April 2022
• Share prices bottomed in January 2023 after Bank of Japan surprisingly revised yield curve control policy
• JPMorgan sees roadmap for Nikkei 225 to hit sustainable 40,000 level, needs gains to spread beyond semiconductors
• BlackRock also positive on Japanese stocks due to earnings, reforms, Bank of Japan worried about deflation
• March union wage negotiations pivotal to signal if inflation entrenched in Japan