The Nikkei 225 Index climbed 0.5% to around 32,500 while the broader Topix Index gained 0.3% to 2,320 on Thursday, with both benchmarks rising for the fourth straight session, mirroring moves on Wall Street overnight as as weaker-than-expected US data suggested the Federal Reserve could be done with policy tightening. Investors also reacted to data showing Japanese retail sales grew more than expected in July, while industrial production declined more than anticipated. Nearly all sectors participated in the advance, with notable gains from index heavyweights such as Toyota Motor (1.6%), Advantest (1.1%), Mitsubishi Corp (1.3%), Rakuten Group (2.2%), Oriental Land (1.9%) and Hitachi (1%).
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 August of 2023.
The Japan Stock Market Index (JP225) is expected to trade at 30745.13 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 28253.13 in 12 months time.