Market sentiment is a bit negative now, but I'm a long- term bull when it comes to Japanese stocks. Getting away from zero rates will enable monetary policy to return to normal and shows the economy is finally back on track.
The Fed minutes were a positive surprise as investors hadn't anticipated an end to interest rate increases at the time of the meeting. With strong earnings results both at home and in the U.S., all the good news came out at the same time and encouraged investors to bet on stocks.