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Nikkei ends at 6-month high above 30,000 on hopes for new gov't

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Looks like market is expecting the 1st female PM of Japan.

-9 ( +2 / -11 )

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...

-2 ( +4 / -6 )

The Nikkei stock index rose for the eighth consecutive day on Wednesday to end at a nearly six-month high above the 30,000 threshold, lifted by hopes for a normalization of pandemic-hit economic activities under a new government.

The market thinks things will change once there is a new PM. The market is clearly extremely ignorant.

4 ( +7 / -3 )

the stock market is more sensitive than a one year old baby

0 ( +3 / -3 )

When the Nikkei or Wall street are up, it's a good lift for every one. Hope this monster Delta is behind us.

-3 ( +3 / -6 )

38,957.44

The average hit its all-time high on 29 December 1989.

Maybe in another 20 years we can hit that again.

-1 ( +2 / -3 )

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?

Looks like market is expecting the 1st female PM of Japan.

Extremely unlikely. Next PM will be Kono.

1 ( +3 / -2 )

The trend is your friend, let's keep going up!

-1 ( +1 / -2 )

Very funny, Japanese people have not learned anything about themselves. Promises at elections in Japan are only talks.

-2 ( +2 / -4 )

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.

-1 ( +3 / -4 )

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.

-2 ( +1 / -3 )

Loving it. My NISA is up 24% since January.

0 ( +3 / -3 )

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.

0 ( +3 / -3 )

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.

4 ( +7 / -3 )

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.

0 ( +2 / -2 )

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.

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.

1 ( +6 / -5 )

The Nikkei stock index rose for the eighth consecutive day on Wednesday to end at a nearly six-month high above the 30,000 threshold, lifted by hopes for a normalization of pandemic-hit economic activities under a new government.

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.

0 ( +4 / -4 )

"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.

-1 ( +2 / -3 )

Break out the champagne everyone, a new government will make everything super duper more good and stuff.

Pardon me if I don’t hold my breath.

0 ( +1 / -1 )

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.

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

0 ( +1 / -1 )

The few making money while the majority suffer….

-3 ( +1 / -4 )

@Kurisupisu

Wealth distribution in Japan is better then Europe by 20x and about 300x times better then USA.

0 ( +2 / -2 )

@Reasonandwisdomnippon

Wealth distribution in Japan is better then Europe by 20x and about 300x times better then USA.

Can you tell that to the homeless people that are all over the cities in Japan-thanks

-1 ( +2 / -3 )

The few making money while the majority suffer…

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.

-1 ( +1 / -2 )

"...and about 300x times better then [sic] USA."

"Then!" Ha! Listen to the expert!

-1 ( +1 / -2 )

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 …

-1 ( +2 / -3 )

Hopefully not another tax raise lurking in the horizon

0 ( +0 / -0 )

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