ith continuous investments from international investors, robust corporate earnings, and long-awaited inflation, Japan’s TOPIX index reached a 33-year milestone on September 1, 2023, when it hit 2352.58, breaking a record set back in July 1990. Impressively, the index appreciated by 27.06% within the year’s initial eight months, supported by the yen’s depreciation, which enhanced Japan’s export advantage. Core inflation in Japan has exceeded the Bank of Japan’s 2% goal for the 17th consecutive month, as reported by Reuters. This signals that
JAFCO
Jan 16, 2024
3 minutes
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