Nomura Securities, a subsidiary of Nomura Holdings, lowered its outlook for the Nikkei Average through 2028 and indicated that a new record high is not expected until the end of 2028 or later. Views were also reported that the move reflected a backlash from the AI boom.
Nomura Securities lowered its outlook for the Nikkei Average through 2028 and indicated that the timing of a new record high is expected to be pushed back to the end of 2028 or later. This means that the prospect of a new high will be delayed longer than previously expected.
Under the new assumptions, the Nikkei Average is projected at ¥62,000 at the end of 2026, ¥66,000 at the end of 2027 and ¥72,000 at the end of 2028. Previous forecasts had indicated levels in the upper ¥70,000 range for each year, but those figures have been revised downward.