Japan’s main stock index rose to its highest level in 33 years. The growth of the Japanese stock market is due to investor optimism in anticipation of economic growth and success in fighting deflation.
Japan’s main stock index closed Tuesday at its highest level in 33 years. Bloomberg writes about this.
The Nikkei 255 hit 33,763 on Tuesday, up 1.2% on the day, its highest level since March 1990. The biggest contribution to the index’s growth was made by stocks of technology companies.
The Nikkei 255 index tracks the performance of the 225 most actively traded stocks on the Tokyo Stock Exchange. Its growth was facilitated by the optimism of investors who expect economic growth in a context of success in the fight against deflation in Japan, the agency notes.
The Nikkei 255 is up 25% in 2023, boosted by government efforts to boost shareholder value as deflation stabilizes and the Japanese yen weakens.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
