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

Japanese Photographer Dies After Being Pushed in New York

A renowned Japanese photographer based in New York, Yasuomi Hashimura, known for his groundbreaking contributions to American advertising photography, died after being pushed on the street by a man.

Foreign Visitors to Japan Set to Hit All-Time High

Japan is on track to surpass its all-time annual record for foreign visitors, with over 30 million arrivals so far this year.

Student's Homemade Bomb Sparks School Lockdown in Sapporo

A suspicious object feared to be explosive was discovered at a high school in Sapporo on the afternoon of November 22nd, causing temporary chaos. The object was found to have been brought to the school by one of its students.

China to resume visa-exemptions for short-term Japanese travelers

China says it will resume allowing visa-free visits by Japanese nationals on short-term trips from the end of this month. (NHK)

Japan Grapples with Poverty and Rising 'Invisible Homeless'

Japan is facing a deepening crisis of poverty and inequality, with rising reports of 'invisible homeless' individuals and growing economic hardships among the population. Discussions over reforms to the country's tax and welfare systems have taken center stage, as policymakers grapple with how to provide meaningful support.

MEDIA CHANNELS

MORE Business NEWS

Crayon Shin-chan Landmark Store Shuts Down

A store featured as a model in the anime "Crayon Shin-chan" closed its doors on November 24th.

About 1,000 Nissan employees in US accept early retirement offers

Struggling Japanese automaker Nissan Motor says about 1,000 of its employees in the United States have accepted early retirement offers. That figure represents 6 percent of the firm's US workforce. (NHK)

Japan Allocates Budget for Securing Copper Mine Interests

The Japanese government plans to incorporate securing copper mine interests into its upcoming economic measures, according to a report by TV Tokyo. Copper, an essential material for electric vehicles (EVs), semiconductors, and data centers, faces increasing global demand, raising concerns over supply shortages.