Tokyo, 1 June 2026 – Japan’s stock market may have further room to climb as stronger corporate earnings, shareholder-return reforms and renewed foreign inflows continue to support investor confidence, according to Goldman Sachs’ latest bullish view on Japanese equities.
The investment bank has reportedly raised its 12-month target for the TOPIX, signalling that Japan remains one of Asia’s most closely watched equity markets even after a strong multi-year rally. The call reflects growing confidence that Japanese companies are no longer being valued only on low interest rates or a weak yen, but increasingly on earnings quality, balance-sheet discipline and capital-efficiency improvements.
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