A landmark day for the Japanese markets

Though most of the Japanese did not partake in the celebrations.

Feb 24, 2024

∙ Paid

In case you missed it, my last post discussed Japan’s recent inflation fight. In it, I noted that Japan’s economy contracted last quarter, for the second consecutive quarter, entering a ‘technical recession’.

Naturally though, if you were just paying attention to Japan’s stock market, you would be forgiven for being ignorant of this development. That is because Japan’s stock market has been on quite the run of late.

Nikkei Peak Signals It's Different This Time for Japanese Equities - Bloomberg — Source: Bloomberg

After being mired in a 34-year funk, Japan’s market of the largest Japanese public companies, the Nikkei 225 Index, hit an all-time high during trading on Thursday (it was closed on Friday, February 23rd for a national holiday - the Emperor’s Birthday)1.

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