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© KYODONikkei ends at 6-month high above 30,000 on hopes for new gov't
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Cricky
It’s not a new government, who writes this? It’s the same 4 old men deciding who is next. After 80 years to call it a new government is just rude.
Fighto!
Things certainly ticking along well. Probably a good time to throw whatever spare cash we all have at the Nikkei. Can it hit 35,000pts this year?
Extremely unlikely. Next PM will be Kono.
drlucifer
Wishful thinking, how many corona free money has the U.S given the people 3 and how much has Japan given one time 100K, hourly pay has increased in the U.S. what will happen here the effects of the pandemic will be used as an excuse to maintain or reduce the already low salaries Also ferrying of plane loads of vietnamese to replace Japanese temp workers will resume.
David Brent
Loving it. My NISA is up 24% since January.
Cricky
Now “hope’ is the best that’s on the cards? And this a-plies to the people with enough money to invest, I have to wonder about the millions just trying to make mortgage payments. Shogani. SUCKERS. Vote LDP.
kennyG
Anyone looked at the clown Edano's 7 manifestos when CDPJ is chosen to rule Japan?. Prepare yourself to sell all and whatever you own if the nightmare would come back.
drlucifer
Who in their right senses is expecting any thing new from an LDP government. First of all, there will be no change in the people formulating policy "The Bureaucrats" so no changes at all. It will always be the same J-inc first before J-people.
socrateos
drlucifer
Even so, it is nice to see these changes in Nikkei Average:
Before Abe Administration: 9,000
End of Abe Administration: 22,000
Today Suga Administration: 30,000
ReasonandWisdomNippon
@Kurisupisu
Wealth distribution in Japan is better then Europe by 20x and about 300x times better then USA.
CoconutE3
Hopefully not another tax raise lurking in the horizon
Kyakusenbi_Arimasu
38,957.44
The average hit its all-time high on 29 December 1989.
Maybe in another 20 years we can hit that again.
Roblib
The trend is your friend, let's keep going up!
Wakarimasen
Nothing to do with new government. To do with ongoing wall of money central banks are throwing at the markets. Including here as BoJ fights yen strength.
dagon
"Investors have become able to paint a scenario that Japan will finally see an economic recovery similar to one experienced by the United States from this spring," he said, citing advances in such shares as eateries amid progress in Japan's inoculation program.
These optimistic investors with their QE and too big to fail at every downturn, so divorced from reality. Tell that story about the US recovery to the tens of millions being booted off unemployment assistance and eviction protection.
kurisupisu
@Reasonandwisdomnippon
Can you tell that to the homeless people that are all over the cities in Japan-thanks
JeffLee
The biggest holder of Japanese equity is the BOJ, a public sector institution. The second biggest is the state pension fund. Various other pension funds are also among the biggest. We all benefit in some way or another when the value of domestic companies rises.
3RENSHO
"...and about 300x times better then [sic] USA."
"Then!" Ha! Listen to the expert!
kurisupisu
Yeah sure guys!
Japan is doing so well that the public schools have to ration heating in the winter because they don’t have the budget to pay for it …
Scorpion
This has been awesome! The last few days I have made ALOT of ¥! It is nice things are upward for once! COVID may have been a downward spiral, but this going up has been a upward climb...
TARA TAN KITAOKA
Very funny, Japanese people have not learned anything about themselves. Promises at elections in Japan are only talks.
Roblib
US markets also kinda stretched at the moment so many US investors are cashing out and looking for cheaper places to put their money, Japan is very attractive in that regard. And not saying US markets are going down anytime soon either, but money that's been sitting on the sidelines for the past 6-12 months wants to get in without paying such a high premium. Chinese stocks been beaten down quite a bit and even those starting to look attractive regardless of the regulatory risks there.
Mark
When the Nikkei or Wall street are up, it's a good lift for every one. Hope this monster Delta is behind us.
kurisupisu
The few making money while the majority suffer….
kennyG
Looks like market is expecting the 1st female PM of Japan.