Nikkei: A Year of Investor Enthusiasm

Our near term three month target price is 2,200. So downside from here. And that's based on the fact that technically, I think we've had a very good run in Japan so far. You've got to leave some room for profit taking. Seasonality topics is usually quite weak over the summer. It does feel like after the annual general shareholders meeting season, which finishes this week, we're not going to have any major corporate governance related catalysts until the early autumn.