On May 19, Jin10 reported that Yoshimasa Maruyama, an economist at Nikko Securities, expressed optimism about the potential trajectory of Japan's stock market. According to Maruyama, the Nikkei Index might reach approximately 65,000 points by the end of the year, driven by recent market momentum and potential long-term trend shifts under a stable government. He further forecasts that the index could climb to around 73,000 points by the end of 2027 and approximately 80,000 points by the end of 2028. However, Maruyama cautioned that if conflicts in the Middle East escalate, leading to severe supply constraints beyond just rising oil prices, the expected asset price movements, including stocks, might be revised downward.