Despite a recession, Japan's stocks are partying like it's 1989

Japan’s Stock Market Defies Economic Data, Lifts Asian Shares #

Japan’s stock market rallied on Friday, lifting broader Asian shares and ending the week on a positive note. The benchmark Nikkei 225 index closed above 38,000 points for the second consecutive day, approaching its historic peak from December 1989. Despite official data showing Japan slipped into recession in 2023, the stock market gains, along with a rebound on Wall Street, remained unaffected. A weak yen has made shares in Japanese companies cheaper for foreign investors, fueling their interest. Other Asia-Pacific markets also rose, following New York’s gains.