Goldman Sachs: Due to heightened geopolitical concerns, the three-month and six-month targets for the Japan TOPIX Index have been lowered.

格隆汇 March 16｜Goldman Sachs, due to recent intensifying geopolitical concerns, has lowered its three-month target for Japan's TOPIX index from 4200 points to 3900 points, and its six-month target from 4400 points to 4100 points. The Goldman Sachs Research Department now assumes that crude oil exports through the Strait of Hormuz will be reduced for 21 days, compared to the previous assumption of 10 days. The Research Department has also raised the Brent crude oil price trajectory, expecting it to reach $110 per barrel in March, $85 per barrel in April, and then fall back to $71 per barrel in the fourth quarter. In addition, the Research Department has lowered its forecast for Japan's real GDP growth in 2026 from 0.8% to 0.5%.