The Nikkei Is Back at 30,000, But It’s a Whole Different World
- Tokyo market veterans say this time’s different to the bubble
- Investors more sensible, sentiment and economy have changed
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The last time stocks in Tokyo were this high, things were a little different.
Orders now silently processed in milliseconds were shouted across smoky open outcry trading floors. Yuriko Koike, now Tokyo’s Governor, was a fresh-faced TV presenter on the country’s leading business news show. The U.S. fretted over “Japan as number one,” while China was an economic backwater.