With the Nikkei Down 843.94 Last Night, Nomura Raises Target to 18,000

12,445 down from the the May 23 high of. 15,942.60. The last time the index was this low was....April 6, following this headline:
Bank of Japan shocks markets - Apr. 4, 2013 - CNN Money
The Yen at  94.08 per dollar was back to April 3 prices.

From FT Alphaville:

Doubling down on the Nikkei

Nope not in that direction:

Up towards 18,000 in fact from it’s current bear-wrought 12,500 or so. That’s Nomura’s bet at least and good luck to them.

A taste:

We have raised our end-2013 forecasts to 18,000 (previous forecast: 16,000) for the Nikkei Average and 1,500 (1,350) for the TOPIX, despite the market’s recent “new phase of declines.” The assumptions on which our forecasts are based have changed from “little sign of recovery in earnings” and “expectations for Abenomics” to “earnings recovery” and “rise in global P/E ratios”....MUCH MORE

I think we'll stick with the 63,000,000 target from October 2010:

"No typo: Analyst sets Nikkei 63 million target" (it's Société Générale's Dylan Grice)

Which was followed by:

More on "Nikkei 63,000,000"