Nikkei average sharply rises in the tech market, hitting a new record high is just a matter of time with 0.04 million yen in sight!? Focus on NVIDIA's earnings report on the 21st.

Nikkei Average seems likely to try for a record high.
According to the Nikkei newspaper dated the 13th, there is likely to be active movement aiming for dividends by the end of March, and there is also an expected development of trying to reach the highest level of the Nikkei Average."It is only a matter of time before a new all-time high is reached, and reaching 0.04 million yen is not difficult" (Yasuhiko Kumamoto, Market Strategist at Mizuho Securities).It is only a matter of time before a new all-time high is reached, and reaching 0.04 million yen is not difficult.Introducing the market's perspective, including the views of Yoshinori Shigemi, a macro strategist at Fidelity Investments.
According to Bloomberg on the 13th, in the derivatives market, the bullish view on Japanese stocks has strengthened, with trading in call options (buy rights, March expiration) with an exercise price of 0.04 million yen expanding, reaching a high price of 90 yen at one point.

There is also risk in concentrating on investment stocks.
On the other hand, Bloomberg on the 13th reported the views of Masahiro Yamaguchi, Senior Market Analyst at SMBC Trust Bank,The current rise in the Nikkei average is significantly influenced by the movement of AI-related stocks, making it a high stock market on thin ice.Introduced is a comment from "".
The "NT ratio", calculated by dividing the Nikkei average by the Tokyo Stock Price Index (TOPIX), which is relatively influenced by value stocks, has continued to rise and reached 14.53 times on the 13th. The NT ratio is generally considered to be around 10-12 times. The Nikkei 9th edition of the Nikkei Economic Newspaper pointed out, "Since the previous stock market rise due to AI in July 23, it has reached a high level," and on the same day, the Nikkei Economic Newspaper also mentioned that "Buying bias towards some large cap stocks has become noticeable."

Pay attention to factors other than the tech market that may contribute to stock price increases.
In addition to AI and semiconductor-related stocks, there are other elements to look forward to for the Nikkei to reach record highs. These include the current weakening of the yen due to expectations that the interest rate spread between Japan and the USA will not narrow in the short term, a shift from the sluggish Chinese stock market to the Japanese stock market as an investment destination, movements towards shareholder returns and capital efficiency improvement focused on well-performing companies, as well as new fund inflows due to the start of the New NISA.
With these factors expanding the range of investment stocks, it is expected to lead to stable stock price increases, not just temporarily.