Japan’s Nikkei Records Historic Annual Surge, Reaching Highest Levels Since 1989
Japan’s Nikkei share average concluded the fiscal year with an unprecedented rise, soaring 12,328 points – the largest absolute increase ever recorded for the index. This remarkable rally saw the index reach successive record highs this quarter, surpassing levels last seen during Japan’s 1989 bubble economy. Key factors fueling this surge included improved corporate governance, increased foreign investment amid a weakening yen, and expectations of continued loose monetary policy from the Bank of Japan.
Japan’s Finance Minister Flags Yen Speculation Amid Decline
Japanese Finance Minister Shunichi Suzuki indicated on Friday that speculative trading could be driving the recent yen declines, hinting at possible market…
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