Posted 1/5/2024, 12:30:19 AM
Nikkei Soars to 34-Year High as Reforms and Foreign Investors Boost Japanese Stocks
- Japanese stock market had a strong 2023, with Nikkei 225 gaining 28% and reaching highest level since 1989
- Regulatory reforms like incentivizing companies to boost valuations and possible delistings for poor performers is bullish
- Major institutional investors like BlackRock are increasing allocation to Japanese equities
- Warren Buffett has been vocal about his bullishness on Japanese trading companies
- Analyst forecasts and projections point to continued stock rally in 2024 amid solid economic growth