The Japanese equity market has been showcasing a robust performance, leading the global trend and stimulating sales in the country's primary and secondary markets, according to BofA Securities Japan Co. on Tuesday. The firm anticipates this trend to continue into the upcoming year.
In 2023, the funds raised through initial public offerings (IPOs) and additional share sales in Japan saw a significant rise, with total proceeds exceeding $20 billion. This marks a 3.5-fold increase compared to the same timeframe in the previous year.
In addition to this financial success, the broader market has also been performing impressively. The benchmark Topix index, when measured in dollar terms, registered an 11% increase. This growth rate surpasses those seen in other international markets, underscoring Japan's position as a leader in global equity performance.
The notable surge in the Japanese stock market is anticipated to stimulate further sales in both primary and secondary equity markets in the coming year, as per BofA Securities Japan Co.'s prediction. This projection is based on the current robust performance of Japanese stocks and their leading role in the global trend.
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