Unfazed by Interest Rate Hike Fears, AI Frenzy Hits Japanese Stock Market, Nikkei Surges Above 67,000 Points

BlockBeats News, June 1st, after the burst of the economic bubble, the historically stable Japanese stock market finally couldn't sit still. Since May 21st, the Japanese stock market has experienced a sharp rise under the leadership of SoftBank Group. Today, SoftBank's market value has surged to around ¥46 trillion (approximately $288 billion), officially surpassing Toyota to become the company with the highest market capitalization in Japan. The AI investment craze has finally reached the Japanese stock market.

It is worth noting that 15 days after the Nikkei broke through the 67,000-point mark, the Bank of Japan will make an interest rate decision. According to Polymarket data, there is an 88% probability of a rate hike in this interest rate decision. This negative news seems to have been fully digested by the market. A Nomura Securities analyst stated last week that with the upward revision of profit expectations for AI and semiconductor companies, the Nikkei 225 index is expected to reach 68,000 points by the end of 2026 and may further rise to 70,000 points the following year.