Nikkei Predicted to Reach 42,000 by Year-End

Monex Securities' Takashi Hiroki Predicts Nikkei Stock Average Could Exceed 42,000 Yen by Year-End in Bullish Scenario

TOKYO, Jan 18 (News On Japan) - The Nikkei Stock Average has seen a wave of buying orders over a wide range of stocks, with some fearing that overheating has left the market price significantly exceeded the ETF's benchmark price, leading to a potential risk for investors.

Some strategists, however, are more optimistic.

Takashi Hiroki, Chief Strategist at Monex Securities, commented, "With Japanese companies shifting from unprofitable ventures to more efficient earning models, this transformation is gradually being recognized by domestic and foreign investors, leading to a reevaluation of Japanese stocks. I think it might rise to around 42,000 yen by the end of the year."

Daiwa Securities Group President Seiji Nakata forecasts the Nikkei to exceed 40,000 by year-end.

by Brian Dentry

Source: 日経CNBC

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