Equities have already surged in Japan as the yen falls, but with monetary easing looking increasingly likely, stocks are set to receive a further boost, according to one financial advisor.
"We're still about 40 percent below those 2007 highs," Cullen Thompson, co-founder & CIO of Bienville Capital, told CNBC at the Young Presidents Organization (YPO) meeting in Istanbul.
"If there is sincere policy follow-through then you could have that 50 to 60 percent increase in Japanese equities which represents a decade of equity returns in nine months," he said.
"Japanese equities are still fairly cheap on a price to book basis … we think you're going to see some of the best earnings growth in Japanese equities, in the world," Thompson said. He said equity growth was underpinned by forthcoming events such as the Bank of Japan meeting in April when the central bank could introduce monetary stimulus.
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