Top Japan Brokerage CEOs See More Gains After Shares Hit Record

As Japan’s stocks hit a record high on the first day of trading this year, the chief executive officers of its biggest brokerages are predicting that the best is yet to come.

The broad Topix index jumped more than 2% to an all-time high while the blue-chip Nikkei gauge surged about 3% on Monday. Tokyo investors returned after holidays and caught up with the US tech rally, while a further weakening in the yen supported exporters. Stock investors shrugged off the possibility of more geopolitical tensions after the US captured Venezuela’s President Nicolás Maduro.