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Japan’s Nikkei Bucks Recession Trend, Hits Historic 39K Points, Echoing 1989 Levels

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Benzinga

The Nikkei 225, Japan’s benchmark stock index, has hit a record high, surpassing levels last seen in 1989. This milestone comes amid a global economic shift and a resurgence in Japan’s stock market, driven by various factors. What Happened: On Thursday, the Nikkei 225 index surged by approximately 2% to reach 39,000 points, surpassing the previous intraday record of 38,957.44 points set in December 1989, Reuters reported. This achievement, which took 34 years to reach, is a record for a major market and is a decade longer than the time Wall Street took to recover from the 1929 crash and the Gr…

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