Bank of America Global Research strategists said Japanese equities could have more upside through the end of this year than previously expected. According to Jin10, they cited stronger-than-anticipated expansion in artificial intelligence-related demand and a higher probability that the Strait of Hormuz remains open as key drivers.
The strategists also highlighted rising corporate return on equity (ROE) as a focus for the market. They said earlier ROE gains were mainly driven by improving profit margins, but as the manufacturing cycle recovers, expanding leverage is expected to gradually replace margins as the new driver.
BofA raised its year-end forecast for the Nikkei 225 to 76,000 from 67,000, and lifted its year-end forecast for the TOPIX to 4,400 from 4,200.
STOCKS | Japan’s Stock Market Could Rise Further by Year-End, BofA Says
2026-06-24 09:44:40
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