Best Topix Gain Since ’87 Pays S&P 500 Return After Yen Drop

Best Topix Gain Since ’87 Pays S&P 500 Return After Yen Drop

Yuriko Nakao/Bloomberg

While Japan’s $3.93 trillion market capitalization is the world’s second-highest, the decline of the yen means that it’s still below the level it was before the country was struck by a record earthquake two years ago.