On February 16, the Nikkei Stock Average continued its upward climb on the Tokyo Stock Exchange. At one point, the stock market surge exceeded ¥700 JPY ($4.67 USD. That edged within ￥50 of the all-time high of ¥38,915.87 ($259.49), set on December 29, 1989. That milestone was reached during Japan’s bubble economy era.
Within Japan’s stock market, professionals recall this historic peak with a wordplay. Translated, the catchy phrase goes, “Let’s head to the desert.” That might not make sense in English, but in Japanese, the phonetics correspond to the number 38,915 (sa-ba-ku-i-ko).
With the resurgence of this slogan, anticipation is building for surpassing the all-time high.
Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors.
