Morgan Stanley sets a base case TOPIX target of 4,300, with Japan preferred | investingLive
Morgan Stanley says Japan’s reflation story remains structurally intact despite near-term energy shock headwinds, forecasting a dip in nominal GDP this year before a rebound above 4% in 2026. Summary: Japan’s nominal GDP growth is expected to turn slightly negative this year due to terms-of-trade losses from the energy shock, before recovering to above 4%…