TechFlow News, May 19: Yoshimasa Maruyama, economist at Nikko Securities, stated that, considering recent momentum in the Japanese stock market and potential trend shifts driven by a stable, long-term government, the Nikkei Index could reach approximately 65,000 points by year-end. Maruyama forecasts the index may rise to around 73,000 points by the end of 2027 and further climb to roughly 80,000 points by the end of 2028. However, he cautioned: “If the Middle East conflict escalates—not only pushing up crude oil prices but also triggering severe supply constraints—then the projected trajectory for asset prices, including equities, may be revised downward.” (Jinshi)
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