Nikkei hit record levels since 1990 – Kommersant
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Today, May 19, the Japanese Nikkei 225 index rose by 0.77% to 30,808 points, and reached a record level since 1990. On Wednesday, the Nikkei broke the 30,000 mark for the first time in 20 months. Since the beginning of the year, the index has grown by almost 20%.
The growth is due to a number of factors: from the good reporting of many Japanese companies for the first quarter and the recovery in consumer demand after the pandemic to the weak yen and the decision of the Bank of Japan, unlike most other Central Banks, not to tighten monetary policy too much.
Under such conditions, the attractiveness of Japanese stocks for foreign investors has increased. In particular, in recent months, Warren Buffett’s investment fund Berkshire Hathaway has invested in the five largest Japanese trading companies – Itochu, Mitsubishi, Mitsui, Marubeni and Sumitomo.
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