Japanese stocks are ready to take off

Credit Suisse upgraded Japanese equities to overweight and increased its mid-2017 target for the Nikkei to 20,000.
The outlook was based on the expectation of a weaker yen adding to Japanese company earnings. The Bank of Japan is expected to increase monetary stimulus to keep JGB yields at zero (as investors move towards USTs), thus driving the yen lower.
"Yen weakness tends to drive Japanese equity outperformance in local currency terms, with each 10% off the yen a