During trading on June 8, the Nikkei 225 index of the Tokyo Stock Exchange broke through the 70,000-point threshold for the first time ever. This new record high reflects the strong upward momentum of Japan's stock market amid global economic fluctuations.
According to Kyodo News, this surge follows a series of positive factors, including Japan's post-pandemic economic recovery, the Bank of Japan's (BOJ) accommodative monetary policy, and an influx of foreign capital into the nation's stock market.
Earlier, the Nikkei had repeatedly shattered historical milestones, rising from the 30,000-point range in early 2023 to 40,000 points in February 2024. Reaching the 70,000-point mark in just over two years highlights the rapid growth of the market, largely driven by a boom in technology and semiconductor stocks.
Analysts note that the 70,000-point level is not just a psychological figure but also reflects investor confidence in Japan's long-term economic outlook. However, some experts caution about the risk of a correction given the market's overheated rally in such a short period.
