Nikkei 225 target raised to 76,000
BofA Global Research has increased its year-end target for the Nikkei 225 to 76,000 from 67,000.
The revision is driven by factors such as AI demand, relief from Hormuz, and improving corporate return on equity.
This change in target represents a significant upside from current levels and is expected to have implications for JPY-denominated earnings and the broader economy.