Nikkei parties like it’s 1989; scales record high

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The index is up about 17% this year, following a 28% gain in 2023, when it was the highest performing Asian major exchange. In comparison, the tech-heavy Nasdaq rose 43% last year and is up 6% so far in 2024 In 1989, during the heyday of the bubble economy, Japanese equities reached a record high that they broke on Thursday. This is because of corporate reforms and low valuations that are luring overseas investors seeking alternatives to the volatile Chinese markets. Above the previous intraday all-time high of 38,957.44 points reached on the last trading day of 1989, the Nikkei...