The Kuroda effect returned to the Japanese market

The Kuroda effect returned to the Japanese stock exchange. On Tuesday, Japanese stocks rose to levels unheard of for nearly 27 years, and the Japanese bank was to be thanked for this.
The bank has indicated a lack of change in monetary policy by saying that the level of inflation and expectations for growth in consumer prices remain unchanged.
Japanese central bank chief Haruhiko Kuroda also sent a message on speculation that the Japanese central bank may lose its desire for incentives: Not so fast. He said the Japanese central bank was not in a position to even consider the outcome of the stimulus.
The Central Bank believes that it is imperative to continue with its current powerful incentives for the benefit of the economy, according to Kuroda.
Japan's Nikkei 225 rose by more than 24,000 points for the first time since 1991, while the wide Thorix crossed the 1,900-point limit. Local indices recorded an euphoric start of the New Year, analysts welcoming the prospects for an accelerated growth in the Japanese economy and robust corporate profits.
Expectations for growth in the Japanese economy were revised upwards to an increase of between 1.3 and 1.5%, against previous expectations for growth of between 1.2 and 1.4% in October.
The increase is in line with the growth of US indices and the beginning of the economic forum in Davos.