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Goldman, Nomura See Nikkei Rallying More After Crossing 25,000

The pandemic has done what seven years of Abenomics could not: push Japan’s Nikkei 225 benchmark above the 25,000 mark for the first time since 1991. Now, some prominent market watchers predict the blue-chip gauge to go further next year.

Goldman Sachs Japan Co. and Nomura Securities Co. on Wednesday boosted their outlooks for the Nikkei 225 as well as the Topix index as they see both measures extending rallies into 2021. The Topix erased its year-to-date loss on the same day, while Nikkei closed above the long-elusive level of 25,000 yen.