Tokyo stocks are likely to climb in 2021 with progress in global COVID-19 vaccinations helping to improve the business climate and Japan’s accommodative monetary policies remaining in place.

Analysts forecast the benchmark 225-issue Nikkei stock average of the Tokyo Stock Exchange, which finished 2020 trading Wednesday at 27,444.17 — the highest year-end close since 1989 — will move between 21,000 and 30,500 in 2021.

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