Call to ‘Buy Japan’ is premature, says Bank of America analysts

From cnbc.com

As Japanese stocks rose to the highest levels in three decades, strategists at Bank of America forecast the nation’s currency to weaken further from current levels. While the Bank of Japan’s ultra-dovish monetary policy is a stark contrast to its global peers that have maintained high interest rates, strategists say the approach to buy Japanese stocks as well as the yen — could be one for next year, not this year. The term “Buy Japan” — used to call on investors to purchase Japanese stocks and the yen — is “premature,” according to rates and equity strategists including Shusuke Yamada and Tony Lin. ... (full story)