How Japan’s Stock Market Outperforms Its Real Economy
Japan’s stock market has been on a remarkable rally in recent months, reaching new record highs and outperforming other major markets around the world. The Nikkei 225, the benchmark index of Japanese stocks, closed at 39,911 on March 10, 2024, surpassing its previous peak of 38,957 set in December 1989, at the height of Japan’s bubble economy. However, Japan’s impressive …