Nikkei Selloff Nothing to be Worried About: BAML

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HFA Staff
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Bank of America Corp (NYSE:BAC) released a report today to assuage fears about the performance of Asian markets overnight. In news that escaped the attention of very few on this morning’s market, the Nikkei fell by more than 7 percent in overnight trading. Bank of America (AKA BAML) says there’s little to point to today’s move being the start of a major decline, and the bank leaves its forecast for Japan unchanged from its previous report. Bank of America Corp (NYSE:BAC) offers some reasons as to why the market fell by so much in trading. Naoki Kamiyama, the author of…

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