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Nikkei 225 Erases Year’s Loss as Japan Outperformance Continues

  • The weak yen and BOJ monetary policy is helping Japan stocks
  • Analysts mixed on whether much further gains lie ahead
A commuter walks past the Bank of Japan (BOJ) headquarters in Tokyo, Japan.

A commuter walks past the Bank of Japan (BOJ) headquarters in Tokyo, Japan.

Photographer: Toru Hanai/Bloomberg
Updated on

In what has been an annus horribilis for most developed-market equities, Japanese investors find their blue-chip benchmark back in positive territory for the year.

Helped by a weaker yen and continued stimulus by a resolute Bank of Japan, the Nikkei 225 index has outperformed peers and erased its 2022 losses Monday. Its 0.3% gain compares with the almost 13% decline in the MSCI AC World ex Japan Index and a 15% drop in the MSCI Asia Pacific Index.