BREAKING: Japan's Nikkei Stock Average hits 32,000, reaching 33-year intraday high

https://asia.nikkei.com/Business/Ma...?del_type=3&pub_date=20230605010000&seq_num=2

 

To rephrase: It has taken 33 years to get back to this level.

 

Jelly and ice cream for everybody!

 

The effect of high inflation...

 

Buy&holders must be thrilled (if they are still alive).

 

B&H is great if you enter the workforce at the right time and die at the right time!

 

And sushi

 

Question for crypto lovers:

Is waiting 3 decades for a new ATH too long? Get ready....

 

The index is now "only" 16% below its historic high from 1989, lol. Speaking of lost decades, it's been over 34 years.

 

Not true at all. First of all Japan suffered for decades from deflation. Only recently have prices modestly picked up. Inflation stands at around 2-3% in Japan. Still below any long term target rate which is why BOJ still holds jgbs at near zero rates by buying virtually every new issue.

The reason the economy is slowly picking up has nothing whatsoever to do with inflation. It has to do with improved corporate governance and a return of trust by foreign investors. All that despite Japan being hopelessly behind the entire IT industry.