Japan’s Nikkei stock index breaks its 1989 record and surges to an all-time high

World 19:30 22.02.2024

Japan’s benchmark Nikkei 225 index surged Thursday past the record it set in 1989 before its financial bubble burst, ushering in an era of faltering growth, Ednews informs referring to AP.

The index closed Thursday at 39,098.68, up 2.2%. Its previous record was 38,915.87, set on Dec. 29, 1989. So now it is back to where it was 34 years ago.

That was more than a generation ago at the height of Japan’s post-war boom. But this time around, the economy is in recession and nobody’s talking about a bubble. Preliminary measures of exports, manufacturing, services and other indicators released Thursday suggested continued weakening.

The market sank after hitting its 1989 peak, as banks wrote off some 100 trillion yen in bad debts. Share prices remained well below the record for many years — dipping below 7,000 at one point before a series of market-boosting measures championed by the late Prime Minister Shinzo Abe in 2013 began nudging them higher.

Journalists from Uzbekistan embarked on a visit to International Eurasia Press Fund -PHOTOS/VIDEO

News line

Antonov: Russian forces will 'burn' all US supplies to Ukraine
23:42 24.04.2024
Kazakhstan, UK sign strategic partnership and cooperation agreement
22:40 24.04.2024
Iraqi President was invited to COP29
Iraqi President was invited to COP29
22:12 24.04.2024
State reception was hosted in honor of President of Kyrgyzstan Sadyr Zhaparov
21:00 24.04.2024
Journalists from Uzbekistan embarked on a visit to International Eurasia Press Fund -PHOTOS/VIDEO
20:10 24.04.2024
Biden signs Israel, Ukraine, TikTok bill into law
20:00 24.04.2024
Doha hosts first face-to-face Russia-Ukraine talks on return of children
19:30 24.04.2024
International experts from 30 countries view restoration work in Lachin
19:15 24.04.2024
Ombudsman informs UK ambassador about landmine terrorism by Armenia against Azerbaijan
19:00 24.04.2024
Israel's Defense Minister: ‘Half of Hezbollah's commanders have been killed’
Israel's Defense Minister: ‘Half of Hezbollah's commanders have been killed’
18:45 24.04.2024
Azerbaijan's insurance market rises
18:30 24.04.2024
Belarus deploys tactical nuclear weapons on its territory
Belarus deploys tactical nuclear weapons on its territory
18:15 24.04.2024
US President Biden once again used "Armenian genocide" term
18:00 24.04.2024
Estonia welcomes remarkable developments in Armenia-Azerbaijan border delimitation process
17:45 24.04.2024
Azerbaijan's Pardon Issues Commission holds next meeting, number of appeals exceed 300
Azerbaijan's Pardon Issues Commission holds next meeting, number of appeals exceed 300
17:30 24.04.2024
Azerbaijan's representation at the UN Committee Against Torture is ongoing - LIVE
17:29 24.04.2024
Azerbaijan, the U.S. mull issues of cyber security in financial field
17:15 24.04.2024
Kazakhstan expects second wave of floods
17:00 24.04.2024
France proposes new EU sanctions against Russia
16:45 24.04.2024
President of Kyrgyzstan highlights construction of secondary school in Aghdam district
16:30 24.04.2024
Erdogan meets with German President
16:15 24.04.2024
Azerbaijani ambassador meets with Gambia foreign minister
Azerbaijani ambassador meets with Gambia foreign minister
16:00 24.04.2024
Pelosi says Israel's Netanyahu 'should resign' as prime minister
15:45 24.04.2024
Türkiye urges world community to support Ankara-Yerevan normalization process
15:30 24.04.2024
Sadyr Zhaparov: Azerbaijan is building its bright future with confidence
15:15 24.04.2024
Media: About 30 Israeli generals and Shin Bet officers held hostage by Hamas
Media: About 30 Israeli generals and Shin Bet officers held hostage by Hamas
15:00 24.04.2024
Monkeypox epidemic declared in Congo
14:50 24.04.2024
Ilham Aliyev: Visit of President of Kyrgyzstan to Azerbaijan will contribute to strengthening friendly, fraternal relations between two countries
14:40 24.04.2024
President Ilham Aliyev: ‘Azerbaijan is determined to continue active interaction with Kyrgyzstan in all areas’
14:38 24.04.2024
President of Azerbaijan invites his Kyrgyz counterpart to COP29
President of Azerbaijan invites his Kyrgyz counterpart to COP29
14:30 24.04.2024
Azerbaijan’s central bank, US Department of Treasury discuss financial stability
Azerbaijan’s central bank, US Department of Treasury discuss financial stability
14:30 24.04.2024
President of Azerbaijan invites his Kyrgyz counterpart to COP29
14:17 24.04.2024
Presidents of Azerbaijan and Kyrgyzstan hold meeting in limited format
14:08 24.04.2024
Azerbaijan, Kyrgyzstan sign documents
Azerbaijan, Kyrgyzstan sign documents
13:30 24.04.2024
Russian deputy defense minister arrested for two months
Russian deputy defense minister arrested for two months
12:45 24.04.2024
China urges US to stop arming Taiwan
China urges US to stop arming Taiwan
12:30 24.04.2024
The Gulf Observer Highlights Return of Four Gazakh Villages
12:25 24.04.2024
Zelensky thanks the US Senate for aid package
Zelensky thanks the US Senate for aid package
12:15 24.04.2024
Magnitude 5.4 quake hits coast of Tonga
Magnitude 5.4 quake hits coast of Tonga
11:55 24.04.2024
Russian attack injures six people in Ukraine's Kharkiv, governor says
11:44 24.04.2024
Hamısı