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Phoenix

February 22, 2024 | Posted in: Insights, Investing

My February 2nd blog, The World’s Stock Markets, pointed out that the Japanese stock market was larger than that of the U.S. for a brief period in 1989 only to decline to second position today at 6.3%, well behind the U.S. share of 58.4%. However, the Japanese market has been on a tear lately with a one-year increase of 43%. Yesterday, the Nikkei 225 passed its 1989 peak despite continuing concern regarding that country’s demographic problems, weak economy in late 2023, and frequent brushes with deflation.