Tsukamoto Norihiro (塚本憲弘) of Monex Securities' Investment Strategies division expects the Nikkei Stock Average to rise to ¥72,000 by the end of March 2027. He said share prices are likely to regain their recovery trend after reaching a high, supported by strong corporate earnings.
As the Nikkei Stock Average stalls without recovering the high reached in June, Tsukamoto Norihiro (塚本憲弘) of Monex Securities said he expects it to rise to ¥72,000 by the end of March 2027. In his market outlook, Tsukamoto (塚本) said ¥72,000 would be a benchmark level for the Nikkei.
The outlook is based on the view that continued strength in corporate earnings will support higher share prices, despite uncertainties including the US midterm elections scheduled for November and rising interest rates. The stock market is therefore expected to test its highs again in the coming period.