(Bloomberg) Japan’s stock market needs to see more domestically-oriented companies step up their game to fuel further rallies, but the outlook for wages and the yen complicates the picture.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapMalaysia in Talks With Ty
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Japanese automakers are set to be a major beneficiary of Detroit strike with their US competitors likely to get bogged down in negotiations that hurt sales.
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Hopes that households will pour tens of trillions of yen into the economy when the pandemic ends were likely behind the central bank chief’s remark that Japanese have become “more tolerant” of rising prices.