Japan’s Topix Closes at Record Year-End High, Surpassing 1989

Sanae Takaichi, Japan’s prime minister, attends a ceremony marking the last trading day of the year at the Tokyo Stock Exchange on Dec. 30. — Sanae Takaichi, Japan’s prime minister, attends a ceremony marking the last trading day of the year at the Tokyo Stock Exchange on Dec. 30.Photographer: Akio Kon/Bloomberg

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By Kentaro Tsutsumi

December 30, 2025 at 7:03 AM UTC

Japan’s benchmark Topix index closed at a record year-end high for 2025, surpassing even the peak 36 years ago reached during the infamous bubble economy.

The index closed the year’s final session at 3,408.97, higher than the 2,881.37 recorded at the end of 1989. It gained 22% in 2025, marking a third consecutive annual rise.