The Nikkei 225 lost 38.42 points or 0.18% to 21877.89 on Friday, closing 7.31% higher for the week. Investors remained cautious as President Donald Trump plans to make an announcement in response to China’s new security legislation for Hong Kong later today. On the data front, the unemployment rate in Japan edged up to 2.6 percent in April 2020, the highest jobless rate since December of 2017 and compared to 2.5 percent in the prior month. Industrial production declined by a preliminary 9.1 percent month-on-month in April 2020, the most since March of 2011 and retail trade tumbled 13.7 percent from a year earlier in April 2020, the sixth time in seven months.
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 May of 2020.
The Japan NIKKEI 225 Stock Market Index is expected to trade at 21390.01 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 19989.83 in 12 months time.