The Nikkei 225 moved 165.19 points or 0.7% lower to 23474.27 on Thursday, retreating from 8-month highs reached in the previous session. Risk appetite weakened amid lingering stimulus uncertainties after United States President Donald Trump expressed skepticism that an agreement could be reached with Democratic leaders on a new round of coronavirus aid relief. The news follows Federal Reserve Governor Lael Brainard’s call for further fiscal support from Congress, noting that more stimulus is needed to address a recovery that has left out large parts of the economy. Among individual stocks, ANA Holdings Inc ended down 4.08%, trading at the lowest level in more than two months after reports that the company will book a record net loss as the pandemic devastates global travel.
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 October of 2020.
The Japan NIKKEI 225 Stock Market Index is expected to trade at 22967.64 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 21464.18 in 12 months time.