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.

President Ilham Aliyev's meeting with participants of 3rd Shusha Global Media Forum kicks off

News line

Clashes ongoing in Suwayda as Syrian security forces deploy to enforce ceasefire
23:59 19.07.2025
Syrian forces deploy in Suwayda for phase 1 of ceasefire agreement
23:30 19.07.2025
Israel kills 55 including 36 starving Palestinians near aid distribution center in southern Gaza
23:10 19.07.2025
Iran threatens to withdraw from Nuclear Non-Proliferation Treaty
22:45 19.07.2025
Hollywood opens its doors to ‘The Man from Hattusha’
22:30 19.07.2025
Azerbaijan’s spending on pharma imports rises by nearly 5%
22:10 19.07.2025
Türkiye's president to visit TRNC on 51st anniversary of Cyprus Peace Operation
21:45 19.07.2025
US House of Representatives rejects attempt to block military aid to Ukraine
21:30 19.07.2025
Gaza death toll tops 58,700 as Israeli war continues
21:10 19.07.2025
Türkiye says allegations about Hague Group Statement are 'unfounded'
20:45 19.07.2025
Hamas calls for global mobilization Sunday against Israeli starvation policy in Gaza
20:20 19.07.2025
UNRWA urges immediate access to Gaza, as food for entire population stockpiled for over 3 months
20:10 19.07.2025
Abbas Araghchi: Ceasefire between Iran and Israel is very fragile
19:45 19.07.2025
Japan set for elections, critical to minority government
19:30 19.07.2025
Media accreditation opens for COP30 conference
19:00 19.07.2025
US man dies after being pulled into MRI machine while wearing necklace
18:45 19.07.2025
Bus accident in southern Iran claims 8 lives, injures 15
18:30 19.07.2025
Vehicle drives into crowd in Los Angeles, injuring more than 30
18:15 19.07.2025
Syria’s southern tribes declare full commitment to ceasefire in Suwayda
18:00 19.07.2025
Turkish Cypriot leader reaffirms 2-state Cyprus, vows TRNC to build future
17:45 19.07.2025
Turkish company’s marine assault vehicle to be unveiled with new weapons
17:30 19.07.2025
President Ilham Aliyev's meeting with participants of 3rd Shusha Global Media Forum kicks off
17:25 19.07.2025
Trump signs landmark crypto bill into law, establishing stablecoin framework
17:15 19.07.2025
Gaza administration urges global action to stop mass starvation, open aid corridors immediately
17:00 19.07.2025
AZAL ranks among top five airlines in Georgian aviation market
16:45 19.07.2025
3rd Shusha Global Media Forum to kick off today
16:35 19.07.2025
Azerbaijani oil price in global market falls
16:30 19.07.2025
Former South Korean minister called in for questioning over probe into martial law decree
16:15 19.07.2025
At least 19 injured as firework misfires at German fair
16:00 19.07.2025
Azerbaijan introduces new coordinate system for geodetic work
15:45 19.07.2025
US court issues preliminary injunction over Trump's International Criminal Court sanctions
15:30 19.07.2025
US seeks new Lebanon deal with disarmament for partial Israeli withdrawal: Hezbollah chief
15:15 19.07.2025
Republican US lawmaker seeks to cut $500M in funding for Israeli missile defense
15:00 19.07.2025
France, Germany voice commitment to strengthening Europe
14:45 19.07.2025
Over 200 prisoners released in major US-Venezuela prisoner swap
14:30 19.07.2025
Syria deploys security forces to Suwayda after deadly clashes, unrest
14:15 19.07.2025
Rome turns off Trevi Fountain lights in solidarity with Gaza
14:00 19.07.2025
Israel kills 25 starving Palestinians near aid distribution center in southern Gaza
13:55 19.07.2025
Participants of Global Media Forum arrive in Fuzuli
13:40 19.07.2025
Brazilian police raid former president Bolsonaro's home, impose electronic monitor
13:30 19.07.2025
Hamısı