18-02-2025
Ex-Nomura Strategist Says Analysts Can't Forecast Japan Stocks
Analysts' forecasts for Japanese stocks show little correlation with their actual performance, according to an analysis of 20 years of data from a former chief strategist at Nomura Holdings Inc. who now teaches at a university in Tokyo.
Annual analyst forecasts for the Nikkei 225 Stock Average compiled by Bloomberg and the index's year-end levels showed a slight negative correlation of -0.2, according to Hiromichi Tamura, professor at the Tokyo University of Science's graduate school of management.
