UBS has revised upwards its target for the Tokyo Stock Price Index (TOPIX) to 2900 points by the end of 2025, an increase from the previous forecast of 2750 points. Similarly, the target for the Nikkei Stock Average has been elevated from 38000 points to 41000 points. Looking ahead to the conclusion of 2026, the TOPIX target has been further hiked to 3100 points, and the Nikkei target has been raised to 44000 points.
