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Why Is the Nikkei Soaring?
2 min read
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Japan's Nikkei stock price index just rose to a new record high. It's been a long time coming given that the previous record high occurred on January 3, 1990 (chart). Perversely, the new high coincides with Japan falling into a recession during the second half of last year. If the economy is weak, why is the stock market so strong?
A weak economy suggests that the
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Ed Yardeni