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Nikkei 225 May Drop 25% From December Peak, Schroeders Says 2014-02-04 05:17:00.645 GMT
By Jonathan Burgos Feb. 4 (Bloomberg) -- A 20-25% drop in the Nikkei 225 Stock Average from its Dec. 30 peak isn’t unreasonable, Tim Schroeders, who helps oversee about $1 billion as a money manager at Pengana Capital in Melbourne, says by phone today. * Nikkei 225 -3.5% to 14,112.71 at 2:11 p.m. in Tokyo, poised for a 13% decline from the Dec. high; Topix slumped 4.1%, set for a 12% drop from Jan. 8 high * “Expectations on how quickly the Japanese economy can recover are probably too high,” Schroeders says. “It’s going to be a harder task to make the economy sustainably competitive given issues on demographics and labor productivity.”
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