JPMorgan: The Japanese stock market is approaching oversold territory, suggesting buying on dips.

Golden Ten Data, March 10｜JPMorgan Securities Japan recommends buying Japanese stocks on dips, pointing out that the Japanese stock market has fallen to oversold levels due to the impact of the Iran conflict. Strategists including Rie Nishihara stated in a report that a 10%–20% rise in WTI oil prices would only reduce corporate earnings by 1%–2%, "given that since 2023, companies have increasingly been able to pass on costs to product prices." Given the limited impact of rising oil prices on earnings and valuations, the bank believes the Japanese stock market is close to the oversold range. It is expected that the Nikkei 225 Index will "rebound relatively quickly" to the 54,000–56,000 point range.