Nikkei Hits Highest Since Early 1990s in Sign Deflation Ending
- Blue-chip gauge closes at level unseen since bubble economy
- Nikkei at 40,000 still seems quite far away, SMTB’s Sera says
This article is for subscribers only.
Japan’s Nikkei 225 Stock Average climbed to its highest since the nation’s bubble economy era more than three decades ago, reflecting investor optimism that growth is returning after the country’s long battle with deflation.
The blue-chip gauge rose 1.2% to close at 33,763.18 in Tokyo, a level unseen since March 1990, lifted by a rebound in technology shares and a drop in Treasury yields. The benchmark Topix index, which some funds prefer to follow because it’s more comprehensive, gained 0.8%.