Daiwa Securities CEO Akihiko Ogino: The Nikkei Index is expected to reach 80,000 points this year and 88,000 points by the end of 2027. The yen exchange rate against the US dollar is expected to fluctuate around 160 by the end of 2027. Rising interest rates are a “positive development” and reflect economic growth. The biggest challenge is the rapid shift in market participants' perception of AI risks.

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