Is The BoJ About To Spoil Japan’s Record-Setting Stock Rally?

Japanese equities have had a good run. And that's an understatement. An entire generation of investors witnessed the first Nikkei record of their adult lives last month. The rapidity of the advance was remarkable, albeit not as historic as the milestone itself. Local shares surged more than 20% in the summit push, rivaling the best three-month advances of the post-COVID era. Market participants spun a rosy fundamental narrative to justify the rally as investors are wont to do in the heat o