Nagochō, an individual investor with more than 30 years of investing experience and ¥200 million in assets, indicated that the Nikkei Average could move above ¥70,000 by year-end, while explaining why he does not chase highs or buy immediately even during a sharp decline.
Nagochō, who appears in the interview, says that, as an individual investor with more than 30 years of investing experience and ¥200 million in assets, he anticipates the Nikkei Average moving above ¥70,000 at some point by year-end. He indicated that stock prices are generally likely to move higher despite current conditions, including rising interest rates and geopolitical risks.
However, he explained that even though he is bullish, he does not intend to chase highs and has a decision-making framework that keeps him from buying immediately even after a sharp decline. Drawing on his many years of experience, he stressed the importance of calmly identifying turning points in the market.
Regarding the Nikkei Average at year-end, he referred to the record high of ¥72,366 at the end of June and expressed the view that a move to finish the year in the ¥70,000 range is entirely possible. He also said that funds would continue to flow into stocks even during a period of rising interest rates.
The article is positioned as the final installment of the interview series, and suggests that individual investors should pay attention not only to current stock-price movements but also to the market backdrop and fund flows.