Nikkei 225 Hits Historic High, Surpassing 1989 Peak
Japan's benchmark index reaches a new milestone, driven by global investor interest and a weak yen.
- Japan's Nikkei 225 index surged to an all-time high, breaking its previous record set in December 1989.
- The rally was fueled by strong foreign investment, corporate earnings growth, and the yen's weakness against the U.S. dollar.
- Analysts highlight the impact of corporate reforms, investment flows from China, and anticipation of BOJ policy changes on the Nikkei's performance.
- Despite the historic high, experts remain optimistic about the Nikkei's potential for further gains, citing robust fundamentals and improved corporate governance.
- The achievement marks a significant moment for Japan's stock market, signaling a departure from deflation and opening up new possibilities for investors.