The Nikkei 225 Index gained 0.34% to close at 28,805 while the Topix Index inched up 0.07% to 2,002 on Friday, recouping some of the previous session’s losses as sentiment was lifted by positive PMI data for Japan and on news of China Evergrande Group paying interest on an overdue US dollar bond. Meanwhile, investors remained cautious ahead of the October 31 general election and the corporate earnings season. The ruling Liberal Democratic Party is favored to retain the majority while losing some seats in the lower house. Technology stocks carried the indexes higher led by Lasertec (3.74%), Softbank Group (0.55%) and Tokyo Electron (4.4%).
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 27929.18 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 25457.73 in 12 months time.