Sumitomo Mitsui Trust Asset Management (SuMi TRUST) on Japanese equities - looking for a bounce back after the sharp sell-off:Japanese equity market dropped sharply in early August on weak US data and yen strengthSuMi TRUST strategist Hiroyuki Ueno sees this as temporary correctionYen appreciation driven by diverging Fed/BOJ policy expectationsUeno: Market should return to uptrend as Japanese corporate earnings remain robustDouble-digit earnings growth expected for FY2024-25Solid demand seen from domestic and foreign investors waiting to enter marketOverall outlook positive as Japan exits deflation cycle and economy normalizesKey quotes:“In the short-term, the market may continue to be swaye
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