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Japanese economic recovery efforts to launch Nikkei 17% higher to 13,000, Amari says

By FXstreet.com,  February 10, 2013, 06:41:00 PM EDT

Economic and fiscal policy minister Akira Amari put out some juicy comments over the weekend, saying that the government will accelerate economic recovery efforts, and as a result, the Japanese Nikkei index is expected to climb an additional 17% to 13,000 points by the end of Q1.

"It will be important to show our mettle and see the Nikkei reach the 13,000 mark by the end of the fiscal year (March 31). We want to continue taking (new) steps to help stock prices rise" Amari said in a speech, and cited by Japan Times.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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