Japan’s equity markets continue to rise on signs of economic recovery and expectations for US fiscal stimulus.
The benchmark equity index Nikkei 225 rose to 30,000 early Monday to hit the highest level since 1190, according to data source TradingView. The index has gained 8% so far this year, having rallied by 16% in 2020.
Global stock markets have rallied to record highs over the past 12 months, mostly on account of the monetary and fiscal stimulus measures adopted by authorities to counter the coronavirus-induced slowdown.
However, the Nikkei 225 is still short 30% from its record high of 39,260 yen reached in January 1990.