Japan's Rakuten Strategist: Oil Prices at $90 May Sustain Corporate Spending

Japan's Rakuten Securities strategist Masayuki Kubota has expressed that if oil prices remain around $90 per barrel, Japanese companies are likely to maintain strong capital expenditure and private consumption. According to Jin10, Kubota suggests that the negative and positive effects of rising energy costs may offset each other, resulting in limited impact on corporate profits. He believes that under these circumstances, there is no need to revise his forecast for over 15% net profit growth for companies listed on the Tokyo Stock Exchange's main board by the fiscal year ending March 2027.