Japan Stocks Come Back to 1989 Level, But
Japan Stocks Come Back to 1989 Level, But... What You Can Learn from Japan's Failure. By Ben Wada on February 24,2024 Something about my home country Japan for a change. The prime indicator for Japan Stocks, the Nikkei Stock Average or Nikkei 225, came back to the all-time high level since 1989 on February 22. The below chart, from Nikkei Asia , shows it. It was good but it took so long to come back. The comeback is not totally a symbolic moment for the economic power of the island nation to come back. At least for Japan, the stock prices are no more an indicator of whether the business goes better or worse. In 1989, Japan’s GDP was the second in the world, just after the US. In 2024, it would be the fourth, following the US, China, and Germany. For some 30 years, Japan has remained at the same place while many nations in the world have, fast or slowly, grown in economy. Lesson Should Be Learned by Other Nations When the economy goes fro...