Topix is a Japan stock market index, the one the BOJ says it'll target now for ETF buys.
GS revises their 12-month target for the index to 2150
- from 1940 previously
For the Nikkei, GS 12-month target 32,250
- from 29,650
GS citing:
- Japanese equity market has greater resilience to real rate increases than other stock markets
- the interest rate increase is manageable given strong profit growth prospects, and we therefore expect share prices to continue rising
- expect above-consensus earnings growth forecast, a strong cyclical rebound in the global economy, value-driven markets environment, higher interest rates, and ongoing yen depreciation
