Bank of America: Japanese stocks still have further upside potential, raises year-end target for Nikkei 225 Index to 76,000 points

Glonghui June 23｜Bank of America predicts that the Nikkei 225 index still has further room for growth, but also warns that concentration risk is rising in the short term and investors need to remain cautious. Bank of America raised its year-end target for the Nikkei 225 index from 67,000 to 76,000 points, and raised its TOPIX target from 4,200 to 4,400 points. This upward revision reflects the expansion of artificial intelligence demand exceeding expectations, as well as an increased probability of the Strait of Hormuz remaining unimpeded.