Nikkei ends at 29-year high; nears 26,000 mark on Japan's GDP growth

Nice to see rich people benifiting, now how about those on ¥1,000 less an hour?

"Nikkei ends at 29-year high; nears 26,000 mark"

Which means there has been no growth in almost 30 years. Meanwhile, the Dow is 5 times what it was 29 years ago. Hardly what I would call "kicking butt".

How is it that with almost every business is reporting losses, layoffs, and bankruptcies that the GDP and the Nikkei is skyrocketing?

I will not say this is good or bad. It just makes me standing in awe on how the current Nikkei is only a half of what it was in 1990s.

the current Nikkei is only a half of what it was in 1990s.

2/3rds :)

I will not say this is good or bad. It just makes me standing in awe on how the current Nikkei is only a half of what it was in 1990s.

mmm

The highest Nikkei index ever is JPY39,000 and the current one is not a half, although the component of the present Nikkei index is different from the one in 1990s. If possible, please make an accurate comment. Anyway, Japan's GDP has not changed at around JPY 500 trillion in a long time without growing.

FYI

The highest of total fair values of the first section of Nikkei index in 1990s --- JPY 591 trillion

Today --- over JPY 660 trillion

they make profits by subjugating millions of people, paying the least they can, to make profits for people who have more money then they can spend. This myth of trickle down is a farce

This mechanism has to the contrary dragged millions of people up out of poverty.

Paying the least one can is normal. In a free society no two participants in a transaction will enter the transaction unless they both see benefit for themselves from that transaction. That is, they believe they would be worse off if they didn’t not enter the transaction.

Profits that aren’t spent go back into more investments which means risking the money and in the process creating more jobs and therefore demand for labour and therefore boost upward pressure on wages.

(Except of course, for those profits that are taken away by the government in taxation and frittered away on Abenomasks and what have you.)

This is no trickle down - this is a rising tide lifting all boats.

What utter BS!

Seems like the Ministry of Propaganda,Dentsu, have gotten their claws into the media yet again.

I guess it’s not just America where the stock market is no longer a barometer of the real economy.

central banks a printing money like crazy.

I was listening to the late great Milton Friedman speaking back in 1987 recently, in which he was talking about the 1970’s. Listening to him recount those times made me wonder if we might be heading back into a similar sort of era in terms of policy.

@fxgai

To add another 50% in a year would make me at least think it is Bubble Mark II.

Not me. Skyrocketing land prices fueled by massive and dodgy loans given to greedy speculators plus other forms of asset inflation marked Bubble Mark I, (a la 2008). I'm not seeing those conditions at all now and don't expect them in the near to medium term future.

The NIkkei and other benchmarks might have serious corrections, though.

＠Sindhoor GK

The Japanese economy does not appear to function that way.

its all they care about - money and material things. if there's a problem, throw money at it. God forbid something requires humanitarian empathy, compassion, or being a friend. But I guess robots are working on making robots for that line of work.

The Japanese economy does not appear to function that way.

elaborate.

It used to be that the stock markets were a barometer of the real economy. No longer. Share prices are completely detached from how businesses are running. Now brace yourselves for a big crash.

I don’t think it’s gonna rise by 50% in a year, in any case :)

I expect a reversion to slow grind, mostly sideways movement, as Japanese investors are typically inclined to sell highs and take some profits rather than hold on for the long term, which hasn’t treated them well.

This 10% jump after a US election is an abnormality rather than the norm.

There will be a wall of sell orders if the Nikkei comes near 30,000, let alone 4, I expect!

Nikkei 225 will test 40,000 points some time in 2021.

To add another 50% in a year would make me at least think it is Bubble Mark II.

@Speed

How is it that with almost every business is reporting losses, layoffs, and bankruptcies that the GDP and the Nikkei is skyrocketing?

@Meiyouwenti

It used to be that the stock markets were a barometer of the real economy. No longer. Share prices are completely detached from how businesses are running. Now brace yourselves for a big crash.

That’s what I was afraid of when I saw these numbers. I guess it’s not just America where the stock market is no longer a barometer of the real economy. I guess that’s why people refer to the stock markets around the world, because of the connotations that it had historically. You know, because of what it used to mean when the stock market went up or down.

Things are ticking along nicely. Big growth, lowest unemployment on record, vaccine about to be distributed and hopefully Tokyo 2021 just around the corner. Im calling it - Nikkei 225 will test 40,000 points some time in 2021.

please keep in mind the fact that those rich people are responsible for the jobs of millions

No! they make profits by subjugating millions of people, paying the least they can, to make profits for people who have more money then they can spend. This myth of trickle down is a farce. It's obscene that economics now runs on part time underpaid workers for the benifit of already rich. As a society that's a form of slavery that should not be accepted.

Nice to see rich people benifiting, now how about those on ¥1,000 less an hour?

glad to see people like you but please keep in mind the fact that those rich people are responsible for the jobs of millions of people in our country. you might think that the stock market benefits only the rich but please pray to all the dieties you know that the stocks keep going up and japanese businesses keep perform well. you'll see the benefits of booming stock market in the near future as your salaries and bonuses increase because of the booming financial market which eventually leads of increase in consumer spending which then generates inflation and then leads to the growth of the economy. you'll eventually see the benefits of a healthy financial markets.

Great news!. The Japanese Economy is kicking butt.