The Nikkei Japanese stock index rose to a record level since 1990. This is one of the most important stock indices in Japan, listed at the top of the world’s major indices. The last time it was at this level was during the Japanese financial bubble in 1986-1991.

Japan’s Nikkei rises to its highest level since 1990

One of the most important stock indices in Japan in the auction on Friday rose 0.77% and reached a level of 30,808 points.

The Nikkei index is rising for the seventh consecutive trading session. Since May 10, it has increased by 6.2%, and since the beginning of the year, by 18%.

The current level of the Nikkei is the highest since 1990, which is 33 years. The last time the index reached such levels was during the so-called Japanese financial bubble – the economic crisis, when prices on the stock market and in the real estate market rose many times.

The Japanese stock market attracts investors with the stability and profitability of securities, notes Reuters. In addition, the growth of Japanese indices is positively affected by the weak yen, signs of economic recovery after the pandemic, and the expectation of continued economic stimulus from the Bank of Japan.


Kirill Bilyk

Source: RB

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