Asia's New Stock-Market King Has Strong Profits, BOJ Support
- Japan’s market cap tops China for first time since 2014
- Market seen supported by stronger profits, improved returns
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With Japan regaining its place as the second-biggest stock market amid growing trade tensions between the world’s two largest economies, investors expect the nation’s equities to garner more attention.
Japanese shares were worth $6.15 trillion on Friday compared with just under $6 trillion for Chinese equities, according to data compiled by Bloomberg. The markets swapped position behind the U.S. for the first time since 2014, making Japan Asia’s biggest stock market.