Japan Stocks Poised to Rebound in 2010 After Trailing Developed Markets

(Bloomberg) -- Government spending and the central bank’s plan to hold down interest rates will spur a rebound in Japanese stocks, this year’s worst-performing equities among major markets, six of the biggest securities firms said.Kathy Matsui, Goldman Sachs Group Inc.’s chief strategist in Tokyo, forecasts the Topix index will rally 16 percent from the close on Dec. 22 to 1,050 by the first half of next year as the government moves to prevent a double-dip recession. Nomura Holding Inc.’s chief strategist, Seiichiro Iwasawa, predicts the Topix will climb to as much as 1,200 by the end of 2010.

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