Equity has been the in-demand asset class for investors across the world as of late, and it doesn't look as if this trend will be letting up anytime soon. The weakening yen and increased consumer confidence in Japan are helping the rally. Although inflation data are far from the desired 2%, Japanese stocks are likely to see further moves higher.
As the consumer goes out to spend and confidence increases, riskier assets will continue to dominate the Japanese market.
The fear is again valid, but the outflow hasn't been nearly dramatic enough to warrant a winding down of the current policy. The fact that easy money across the world is pushing money into equities and the Japanese market remains one of the most attractive economies should result in continued gains for the Nikkei index. At the time of publication the author had no position in any of the stocks mentioned. Follow @AndrewSachais This article was written by an independent contributor, separate from TheStreet's regular news coverage.