The Nikkei 225 gained 496.57 points or 1.67% to 30168.27 on Thursday, reversing losses of 1.61% in the previous session and trading more than 30-year highs as market participants were upbeat after US Federal Reserve Chair Jerome Powell said that he does not see any indication inflation could race out of control and any acceleration in coming months is temporary. Locally, BoJ Governor Haruhiko Kuroda said the central bank is already buying exchange-traded funds, but will seek ways to make the programme more effective and sustainable in a scheduled review of its policy tools in March, noting the need to address the side-effects of its massive stimulus and that he was aware of criticism that its ETF purchases were distorting stock prices. On the data front, Japan's leading economic index for December was revised higher to 95.3 from a flash reading of 94.9.
Historically, the Japan NIKKEI 225 Stock Market Index reached an all time high of 38957.44 in December of 1989. Japan NIKKEI 225 Stock Market Index - data, forecasts, historical chart - was last updated on February of 2021.
The Japan NIKKEI 225 Stock Market Index is expected to trade at 29512.39 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 27580.52 in 12 months time.