Analysts are revising stock price forecasts upward following an election that gave Prime Minister Sanae Takaichi a clear mandate and the Liberal Democratic Party a sizable majority in the Lower House.
Some are saying the Nikkei 225 stock index will hit 60,000 by the end of the year, and events are quickly overtaking them: On Thursday, the benchmark index hit 59,332.43 in early trading.
In the Feb. 8 election, the LDP won a supermajority in the Lower House in a historic landslide and the prime minister cemented her leadership position.
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