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Nomura traders burst into applause as Nikkei hits record high

Applause rang out across a Tokyo trading room floor on Thursday as Japanese stocks hit their highest level ever, topping a record set during the 1980s bubble economy and long seen as unbreakable.Some 20 traders at brokerage Nomura's Tokyo trading floor were on their feet moments after the midday break, and as the Nikkei share index broke through its all-time record high of 38,957.44, set in December 1989.The board in front of them flashed the new record of 39,029 that the index touched at 1...
David Dolan Anton Bridge Chang Ran Kim Record Set Bubble Economy Okyo Trading Floor
Source: yahoo.com

Analysis-As Tokyo stocks rally, many Japanese find themselves left behind

For Takashi Karube and many Japanese like him, the Tokyo stock rally has been little to cheer about. The Nikkei stock index hit its highest ever on Thursday, surpassing a record set in December 1989 and marking a once-unthinkable recovery for a market that spent much of the last three decades mired in malaise. Rather than the flashy spending and bottomless optimism of the bubble years, the 34-year-old Karube, born just two months after the stock market's 1989 peak, grew up with frugality ...
Sachio Kuroshima Makiko Yamazaki Fumio Kishida Tohru Sasaki Hiroyuki Saito Yui Iwatsuki
Source: yahoo.com

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Analysis-At last, FOMO puts Japan's stocks back on global wishlist

The Nikkei's climb to within striking distance of a record high marks Japanese stocks' long walk out of the investment wilderness as money, momentum and signs of change in corporate Japan put the market back atop global portfolios. It has been a long time coming: more than 34 years and long enough to scar a generation of Japanese investors, who through bitter experience have been sellers into this powerful rally. With the Nikkei up 50% in just over a year, however, global managers ar...
Tokyo Bay Japan General United States Gaurav Dogra Tom Westbrook Matthews Asia
Source: yahoo.com

Half of Japanese firms see another Trump presidency as risk, Reuters poll shows

TOKYO (Reuters) -Roughly half of Japanese firms see another Donald Trump presidency as a potential risk to business, with the prospect of increased protectionism the leading cause for concern, a Reuters survey showed on Thursday. Corporate Japan remains downbeat on China, with more than half at least somewhat pessimistic on the Chinese market over the next five years, the survey showed. Former President Trump has promised to block the proposed takeover of United States Steel by Nippon Steel sh...
United States Donald Trump David Dolan Sharon Singleton Nikkei Research President Trump
Source: yahoo.com

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