The average stock price (Nikkei index) of the Japanese stock market exceeded 36,000 at one point on the 15th, the highest level in 33 years and 11 months since February 1990 during the “bubble economy.”
The Japanese stock index also broke an all-time high.
The Nikkei 225 index, the main stock index of the Japanese stock market, once exceeded 36,000 on Tuesday, the highest level in 33 years and 11 months since February 1990 when the economy burst. The Nikkei index has been on the rise for six consecutive trading days. It surpassed 33,000 on Tuesday, 34,000 on Wednesday, and 35,000 on Wednesday.
The Nikkei Japan reported, “While the Dow Jones 30 Industrial Average of the New York Stock Exchange (NYSE) fell for the first time in three days, in the Tokyo market, individual investors are flocking to high-dividend stocks, which are popular, raising the market price.” By industry, the purchase price of high-dividend stocks such as shipping, securities, and banks was strong.
Analysts say that individual investors’ purchase through the “NISA” system, which was newly revised this year, is supporting the rise in stock prices. Ten years after introducing the system, Japan has changed its product structure to simplify products and significantly increase tax savings benefits. Individual investors are actively trading this month.
A market official stated, “As expectations for an annual rise in stock prices and the improvement of the ‘small investment tax exemption system’ from this month, there is a buying trend in stocks with good performance.” He added, “With regard to the results of Taiwan’s presidential election held over the weekend, the impact on the market as a whole was limited as there was no prospect of having a significant impact on the relationship between Taiwan and China.”