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(Bloomberg) Europe’s biggest money manager is seeking opportunities in Japan’s cheap construction stocks as the sector reduces cross-shareholdings and increases returns for investors.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit Bets, A ....
The last time stocks in Tokyo were this high, things were a little different. Orders now silently processed in milliseconds were shouted across smoky open outcry trading floors. Yuriko Koike, now Tokyo’s governor, was a fresh-faced TV presenter on the country’s leading business news show. The U.S. fretted over Japan as number one,” while China was an economic backwater. That’s how long it’s been since the 225-issue Nikkei stock average of the Tokyo Stock Exchange passed 30,000, an event which first took place in December 1988. With the index crash in 1990 that followed the deflating of the asset-price bubble, it would take more than three decades for the benchmark to regain that height. ....
Orders now silently processed in milliseconds were shouted across smoky open outcry trading floors. Yuriko Koike, now Tokyo’s Governor, was a fresh-faced TV presenter on the country’s leading business news show. The U.S. fretted over “Japan as number one,” while China was an economic backwater.That’s how long it’s been since the Nikkei 225 passed 30,000, an event which first took place in December 1988. With the index crash in 1990 that followed the deflating of the asset-price bubble, it would take more than three decades for the benchmark to regain that height.“Sometimes it took an hour or two just to execute an order,” Taketsugu Agari, a 51-year-old veteran trader and investor, remembers of those days. He began his career in 1988 as a “batachi” the traders who used complex hand gestures to communicate buy and sell orders across deafening trading floors. “Now you can just do it yourself on your phone.” ....
Nikkei's back at 30 000 - Moneyweb moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
The Nikkei is back at 30,000. But it's a whole different world. japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.