Japan Stocks Hit 21-Year High as Investors Shrug Off Concerns
- 7 years ago
Japan Stocks Hit 21-Year High as Investors Shrug Off Concerns
Stock market measures in the United States have also hit new highs in recent weeks, while stocks in South Korea also hit a record on Wednesday.
Japan’s main stock index rose to its highest level in almost 21 years on Wednesday, buoyed
by a broad rally in global markets as well as growing optimism about the Japanese economy.
Led by Prime Minister Shinzo Abe, the Liberal Democrats have pursued an expansionary economic policy, spending on public works
and other projects and encouraging the central bank to keep borrowing costs low by buying up vast quantities of government debt.
On Wednesday, the government said corporate machinery orders, a closely watched indicator of
business spending, had risen for the second month in a row in August, gaining 3.4 percent.
Markets have been lifted by robust global growth and expanding corporate profits, as
the world finally appears to be shrugging off years of crises and sluggish growth.
Stock market measures in the United States have also hit new highs in recent weeks, while stocks in South Korea also hit a record on Wednesday.
Japan’s main stock index rose to its highest level in almost 21 years on Wednesday, buoyed
by a broad rally in global markets as well as growing optimism about the Japanese economy.
Led by Prime Minister Shinzo Abe, the Liberal Democrats have pursued an expansionary economic policy, spending on public works
and other projects and encouraging the central bank to keep borrowing costs low by buying up vast quantities of government debt.
On Wednesday, the government said corporate machinery orders, a closely watched indicator of
business spending, had risen for the second month in a row in August, gaining 3.4 percent.
Markets have been lifted by robust global growth and expanding corporate profits, as
the world finally appears to be shrugging off years of crises and sluggish growth.