Global chip makers are expanding their operations in Japan as the East Asian nation’s economy recovers from a 30-year low.
According to the Nikkei Chinese website, Japan’s stock market has been on a winning streak, closing at 31,086.82 on May 22—the first time it exceeded 31,000 points since July 26, 1990 (31,369.75). It was the highest level in about 33 years. It fell back slightly over the following two days.
Since 2022, the Nikkei has typically traded between 25,000 and 29,000. In May, the upswing became clear. Foreign investors have been net buyers of Japanese stocks for seven consecutive weeks, totaling over 2.8 trillion yen ($20.3 billion).
With investors frustrated by the global market downturn, Japanese stocks stand out. According to data compiled by Bloomberg, Japan’s market value has surged by about $518 billion since its low on Jan. 5….