The Nikkei 225 Index fell 1.20% to close at 26,108 while the broader Topix Index lost 1.23% to 1,856 on Wednesday, erasing gains from the previous session, as mounting fears of a potential recession spurred a fresh wave of selling in equities and other risk assets. Such economic fears were driven by aggressive interest rate hikes among major central banks aimed at curbing high inflation. Commodity-linked stocks led the decline on weaker oil and metals prices, with sharp losses from Inpex Corp (-10.1%), Eneos Holdings (-4.8%), Osaka Titanium (-6.1%), Nippon Steel (-2.8%) and Sumitomo Metal (-5.9%). Other index heavyweights also dropped, including Tokyo Electric Power (-6.3%), Mitsubishi UFJ (-4.4%), Toyota Motor (-2.8%), Fast Retailing (-3.1%) and Sony Group (-2.5%). Meanwhile, technology and healthcare stocks mostly advanced.
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 July of 2022.
The Japan Stock Market Index (JP225) is expected to trade at 25061.59 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 22613.27 in 12 months time.