The Nikkei Average is expected to reach ¥68,000 at year-end, with its potential shift into an upward trend possibly triggered by interim earnings announcements for fiscal years ending in March, which are expected to get into full swing in late October.
The Nikkei Average’s year-end target is said to be ¥68,000, and it is expected to trade above its year-to-date level. Its future direction could also be affected by the state of the US economy.
Interim earnings season is expected to get into full swing in late October, and strong corporate results, if reported, could become a factor supporting share prices.
Companies are expected to secure margins through price increases amid inflation, which is seen as a tailwind for their earnings.
As progress in corporate governance reform is also expected to affect the valuation of corporate value, the Nikkei Average’s direction will be closely watched alongside upcoming earnings announcements.