Morgan Stanley forecast the Topix could eventually climb an additional 9% to reach 2,350, propelled by themes on return-on-equity improvement and a favorable yen.

Source: https://www.japantimes.co.jp/news/2023/05/19/business/financial-markets/nikkei-stock-average-1990-high/

The biggest percentage gainers in the Topix were entertainment company Sanrio Co Ltd and education firm Business Breakthrough Inc, up 16.73% and 13.38%, respectively.

Source: https://www.marketscreener.com/news/latest/Japanese-shares-extend-gains-as-worries-over-banking-crisis-ease--43268483/?utm_medium=RSS&utm_content=20230316

The Nikkei fell 1.22% to 31,377.84 by 0157 GMT, its lowest level since June 2. The broader Topix was down 1.25% to 2,232.

Source: https://www.marketscreener.com/quote/index/NIKKEI-225-4987/news/Japan-s-Nikkei-hits-2-1-2-month-low-on-concerns-over-Fed-rate-hike-China-economy-44633224/?utm_medium=RSS&utm_content=20230816

The Topix still finished 2.7% lower - also helped by a bit of a bounce of its 200-day moving average - as the jitters from the SVB fallout continues to hit hard at Asian stocks today.

Source: https://www.forexlive.com/centralbank/boj-steps-in-with-another-701-billion-worth-of-etf-purchases-today-20230314/