The Nikkei Stock Average could reach ¥88,000 by the end of March 2027, with its long-term correlation with nominal GDP cited as a contributing factor. The administration has also indicated that nominal GDP is expected to expand to nearly ¥1,100 trillion in fiscal 2040.
The outlook of Chief Analyst Matsunami Toshiya (松波俊哉) was introduced in the context of the Nikkei Stock Average continuing to be influenced by macroeconomic factors.
Matsunami Toshiya (松波俊哉) believes the Nikkei Stock Average could reach a high of ¥88,000 by the end of March 2027, citing the long-term correlation between stock prices and nominal GDP as one of the grounds for his view.
As a premise on the government side, a target was presented to expand nominal GDP to nearly ¥1,100 trillion in fiscal 2040, and the view was introduced that this could influence the market’s long-term direction.