Japan’s stock market close to historic peak despite a recession

Japan’s stock market defied gloomy economic data to rally Friday, lifting broader Asian shares and ending the week on a buoyant note, the media reported.

Japan’s benchmark Nikkei 225 index closed above 38,000 points for the second day in a row, just a whisker off its historic peak reached in December 1989.

The stock market gains, which followed a rebound on Wall Street, came despite official data showing on Thursday that the country slipped into recession in 2023, losing its crown as the world’s third-largest economy, CNN reported.

Japan income fundJPMorgan Japan Small Cap Growth & Income (LONJSGI), targets Japan income without compromising on Japanese growth opportunities. This Japan income investing opportunity gives investors access to a diverse and fast growing sector managed by local managers.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
JPMorgan Japan Small Cap Growth & Income

More articles like this

JPMorgan Japan Small Cap Growth & Income

Tokyo stock market rises 1.47%

Japan stocks were higher after the close on Tuesday, as gains in the Power, Mining and Insurance sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 1.47%. The best performers of the

JPMorgan Japan Small Cap Growth & Income

Japan’s Nikkei 225 and Topix indexes surge

Japan’s Nikkei 225 and Topix indexes are on the rise, buoyed by strong performance in break-out sectors and a robust recovery in the yen, spurred by global investor optimism and pending decisions from the US Federal

JPMorgan Japan Small Cap Growth & Income

Japan economy grows 0.4% in Q4, avoids recession

Japan’s economy expanded at an annualized clip of 0.4% in October to December from the previous quarter, better than the initial estimate for a 0.4% contraction, government data showed on Monday. The revised figure for gross

JPMorgan Japan Small Cap Growth & Income

Japan ISA investing for tax-free growth and income

Investing in Japan is the hot investment topic with Japan’s equity market Nikkei stock average topping the 40,000 mark for the first time on 4 March 2024. DirectorsTalk caught up with Alexa Henderson, Non-executive chairman of JPMorgan

JPMorgan Japan Small Cap Growth & Income

Japan’s Nikkei hits second consecutive record high

Japan’s Nikkei share average scaled record highs for the second consecutive session, supported by upbeat performances in pharmaceuticals, although profit-taking capped some of those gains. The Nikkei ended 0.35% higher at a new closing high of 39,233.71.