Analyst Pin-board Japanese Equities: down we go
The Topix Index, at 1906 (July 18), has been unable to break the 2000 level, the March 2021 top, which is indicative of weak momentum (Figure 1). In fact it looks like it is rolling over and 1780-90 is in sight. We doubt that asset allocators are adding to their Japan positions at this time.
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