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Nikkei up 44% as FY2023 ends

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Is the Nikkei up as much as the yen is down? Seems like a zero sum game.

-1 ( +4 / -5 )

Happened to look at my investments yesterday. The last 12 months has been really great for the US. Overall, up over 20% with a number of investments over 40%. April is when I re-balance everything.

2 ( +3 / -1 )

@Redemption

Is the Nikkei up as much as the yen is down? Seems like a zero sum game.

The JPY depreciated by 14% against the past year from 133 to 152, which is a 14% fall. So the answer to your question is yes. The increase of the Nikkei was three times larger than the depreciation of the JPY.

2 ( +2 / -0 )

which is a 14% fall.

...not even this much, because the USD is overvalued.

-3 ( +1 / -4 )

This remarkable 44% surge in the Nikkei as FY2023 concludes is fantastic news for investors and reflects a robust economic environment. It's a testament to Japan's resilience and the confidence investors have in its market. Such growth bodes well for businesses, shareholders, and the overall economy, paving the way for continued prosperity in the coming year.

0 ( +2 / -2 )

Warren Buffett was right about Japan, after all.

1 ( +2 / -1 )

Redemption:

Is the Nikkei up as much as the yen is down? Seems like a zero sum game.

When the yen depreciates, it benefits Japanese exporting companies. Given Japan's status as an export-oriented nation, a depreciating yen typically causes the Nikkei to rise.

1 ( +1 / -0 )

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