Japan’s Nikkei 225 share average will rally to the psychological 30,000 level by the middle of next year for the first time since September 2021, according to analysts in a Reuters poll.
That would be a 6-percent advance from Friday’s close of 28,283.03. The Nikkei’s high for this year was in January, when it touched 29,388.16.
T&D Asset Management gives a representative view, with forecasts for the Nikkei to reach 30,500 in June before rising to 30,700 in December, and then 31,000 by mid-2024. “We also need to pay attention to the protests in China, so the next three months is probably time to adopt a wait-and-see approach.”
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