The Nikkei 225 added 427.66 points or 1.55% to 28091.05 on Monday, recovering from its lowest level in more than three weeks as sentiment was boosted by upbeat earnings forecasts and hopes for further stimulus in the US while US senators urged President Joe Biden on Sunday to downsize his sweeping $1.9 trillion COVID-19 relief package to win bipartisan support as Democrats in Congress prepared to push ahead with his plan this week. Meantime, The Japanese government is set to extend Tuesday the state of emergency for regions still struggling with a high number of coronavirus infections, with the emergency period in prefectures including the Tokyo area expected to run for another month. In local data, the au Jibun Bank Japan Manufacturing PMI was revised higher to 49.8 in January, the highest PMI reading since May 2019, pointing to a stabilization in operating condition.
Historically, the Japan NIKKEI 225 Stock Market Index reached an all time high of 38957.44 in December of 1989. Japan NIKKEI 225 Stock Market Index - data, forecasts, historical chart - was last updated on February of 2021.
The Japan NIKKEI 225 Stock Market Index is expected to trade at 27475.43 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 25676.90 in 12 months time.