Japanese stocks [have surpassed the record peak](https://www.bloomberg.com/graphics/2024-japan-nikkei-225-records-historic-high/)(NSN S98PMKDWLU69) reached during the nation’s economic heyday in 1989 as global investors return in droves.
Japan’s Nikkei Index Finally Surpasses its Historic 1989 Peak
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So close
Japanese stocks have surpassed the record peak reached during the nation’s economic heyday in 1989 as global investors return in droves.
On Thursday the Nikkei 225 share average closed at 39,098.68, topping the previous high set in December 1989, and opening a new chapter for the market.
After being stuck in a vicious cycle of sinking prices and falling spending for years, inflation is back in Japan. The market is looking past data showing the country unexpectedly slipped into recession at the end of last year. Asset values are rising as the weak yen and strong corporate earnings boost confidence in the market.
Money is also pouring in from China as the contrast grows between Beijing’s heavy hand on the market and Tokyo’s embrace of a more shareholder-friendly culture.
On Thursday the Nikkei 225 share average closed at 39,098.68, topping the previous high set in December 1989, and opening a new chapter for the market.
After being stuck in a vicious cycle of sinking prices and falling spending for years, inflation is back in Japan. The market is looking past data showing the country unexpectedly slipped into recession at the end of last year. Asset values are rising as the weak yen and strong corporate earnings boost confidence in the market.
Money is also pouring in from China as the contrast grows between Beijing’s heavy hand on the market and Tokyo’s embrace of a more shareholder-friendly culture.