The bubble in the Japanese and Korean stock markets is most likely to burst around June 2026, with accelerated declines in July and August due to the impact of the oil crisis, and a deep decline from late 2026 to early 2027 as the semiconductor cycle peaks. Among them, the Korean stock market's bubble is more severe and structurally more fragile, and the decline will be significantly greater than that of the Japanese stock market.

It should be noted that market sentiment and leverage factors may cause the bubble to burst earlier or later, but the three core trigger factors (Bank of Japan interest rate hikes, oil crisis, semiconductor cycle peak) are basically confirmed, and the bubble burst is only a matter of time.