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Citibank analysts expect the Nikkei 225 index to reach a target of 45,000 points by the end of this year. Three major factors that increase the possibility of a long-term bullish outlook on the Japanese stock market include: the negative impact of tariffs on profits is expected to be lower than previously anticipated; prospects for valuation to rise as uncertainties are eliminated; and the possibility of accelerated inflow of foreign funds. In terms of industries, analysts believe that despite a significant increase in the Japanese automotive sector since July 23, the upward trend is expected to continue. Citibank's investment strategy and asset allocation director, Liao Jiahao, added that the trade agreement between the US and Japan is a very positive development for the Japanese stock market and can be viewed from three main aspects: first, with the confirmation of the final tariff rates on Japanese imports, the impact of tariffs on profits is clearer; secondly, the significant reduction in tariffs on automobiles, one of Japan's major industries, is expected to mitigate the impact on the industry's profits; and finally, the swift completion of tariff negotiations between the US and Japan.