World’s biggest comeback breathes life into Japan’s equity bulls

TOKYO (Nov 21): The global stock market’s biggest comeback story of 2016 isn’t over yet. So say Citigroup Inc., AllianceBernstein and Bordier & Cie, who all see further gains for Japanese shares after the Nikkei 225 Stock Average climbed more than 20% from this year’s low.

The US$5 trillion ($7.15 trillion) market has outperformed all its developed-nation peers since late June, buoyed by a weakening yen, a more favorable monetary policy stance from the Bank of Japan and the return of overseas money managers.

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