Depreciating yen to benefit export stocks, says Nomura

29 Nov 2010

A favourable market outlook and a weaker yen will encourage investors to place their money in Japanese exporters next year, says the Japanese brokerage’s co-head of equity sales.

The Japanese yen should depreciate against the US dollar and Asian currencies next year, benefiting the country’s export-orientated companies, predicts Minoru Hatada, co-head of equity sales, Asia-Pacific at Nomura, Japan’s leading brokerage.

“A lot of Japanese companies will go outside of Japan to chase demand [for their products] ...

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