The Nikkei 225 Stock Average (NKY) will climb to around 25,000 by 2020, up about 57 percent from today, the CEO of Japan’s biggest brokerage said at a forum in Tokyo. “Growth of Japan’s economy is assured until 2020 as it will benefit from development in Asia,” said Nagai
The Nikkei 225 has fallen 2.5 percent this year after ending 2013 at a six-year high, as investors grow wary that Prime Minister Shinzo Abe’s policies of monetary easing, fiscal spending and structural reforms will boost the economy.
The yen will probably weaken to 120 against the dollar from the current 109.5 around 2016 before stabilizing in the 110 range, Nagai said at the event, which was organized by the Nikkei newspaper.
Japan’s currency has fallen about 4 percent against the dollar in the past month amid prospects for the central bank to continue unprecedented monetary easing while the Federal Reserve weighs the timing of its first rate increase
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.