Fujishiro Koichi (藤代宏一), chief economist at 第一ライフ資産運用研, expects the Nikkei Average to reach ¥72,000 by the end of fiscal 2026. He says the index could return to an upward trend within 2026 even as the correction in AI and semiconductor stocks continues.
The Nikkei Average is currently in the ¥60,000 range, but gains remain limited, drawing attention to when the market will enter another rising phase.
Fujishiro Koichi (藤代宏一), chief economist at 第一ライフ資産運用研, expects the Nikkei Average to rise to ¥72,000 by the end of fiscal 2026.
He cited rising interest rates worldwide as a factor and noted that the correction in AI- and semiconductor-related stocks, which had driven the market higher, is continuing.
Fujishiro nevertheless suggested that the market could return to an upward trend at some point within 2026.