The Nikkei 225 Index dropped 1.87% to close at 28,709 on Thursday while the Topix Index fell 1.32% to 2,001, lagging Asia Pacific peers, as Japan’s campaign season was in full swing and amid renewed fears on another possible default by China Evergrande Group within days. Investors grew wary as leading candidates from opposing parties clashed on issues surrounding the economy, with expectations that the ruling party will retain majority seats in the lower house. All sectors finished in the red, led by heavyweights Softbank Group (-2.06%), Lasertec (-7.16%), Tokyo Electron (-4.61%), Fast Retailing (-2.98%) and Toyota Motors (-2.36%).
Historically, the Japan Stock Market Index (JP225) reached an all time high of 38957.44 in December of 1989. Japan Stock Market Index (JP225) - data, forecasts, historical chart - was last updated on October of 2021.
The Japan Stock Market Index (JP225) is expected to trade at 28190.76 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 25714.11 in 12 months time.