Japan’s main stock index has hit an all-time closing high, surpassing the previous record set 34 years ago.
The Nikkei 225 rose 2.19% on Thursday to end the trading day at 39,098.68.
That topped the previous record closing high of 38,915.87 set on 29 December 1989, the last day of trading that year.
That topped the previous record closing high of 38,915.87 set on 29 December 1989, the last day of trading that year.
Global investors are returning to the benchmark index thanks to strong company earnings, even as the country’s economy has fallen into a recession.
The weakness of the Japanese currency has also helped to boost share prices of Japan’s exporters as it makes their products cheaper in overseas markets.
The Nikkei 225 hit its previous record high after years of soaring stock and property prices.
Less than three years after that peak the benchmark index had lost almost 60% of its value as the Japanese economy was engulfed in an economic crisis.
Since then the Japan has struggled with little or no economic growth and falling prices, known as deflation.
Japan’s main stock index has hit an all-time closing high, surpassing the previous record set 34 years ago.
That topped the previous record closing high of 38,915.87 set on 29 December 1989, the last day of trading that year.
The Nikkei 225 rose 2.19% on Thursday to end the trading day at 39,098.68.
Global investors are returning to the benchmark index thanks to strong company earnings, even as the country’s economy has fallen into a recession.
That topped the previous record closing high of 38,915.87 set on 29 December 1989, the last day of trading that year.
That topped the previous record closing high of 38,915.87 set on 29 December 1989, the last day of trading that year.
Global investors are returning to the benchmark index thanks to strong company earnings, even as the country’s economy has fallen into a recession.
The weakness of the Japanese currency has also helped to boost share prices of Japan’s exporters as it makes their products cheaper in overseas markets.
The Nikkei 225 hit its previous record high after years of soaring stock and property prices.
Less than three years after that peak the benchmark index had lost almost 60% of its value as the Japanese economy was engulfed in an economic crisis.
Since then the Japan has struggled with little or no economic growth and falling prices, known as deflation.
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