The NIKKEI 225 fell 183.3 points or 0.65% to 27901.17 on Monday, extending declines of 4.38% in the previous week as tougher measures to combat the novel coronavirus commenced Sunday in six prefectures in Japan as infections continue to surge, with three coming under an expanded state of emergency and another three under a quasi-emergency. The move comes as coronavirus cases have been on the rise nationwide in recent weeks, with the daily number of new infections topping 6,000 for the fifth straight day on Saturday. COVID-19 patients with severe symptoms also hit another all-time high of 1,231 the same day. On the data front, producer prices in Japan rose by 3.6% yoy in April, the second straight month of increase and the highest since September 2014.
Historically, the Japan Stock Market Index (JP225) reached an all time high of 38957.44 in December of 1989. Japan Stock Market Index (JP225) - data, forecasts, historical chart - was last updated on May of 2021.
The Japan Stock Market Index (JP225) is expected to trade at 27458.19 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 25660.78 in 12 months time.