2024-01-26 17:29:34
Faced with the continued fall in prices, consumers and investors are constantly postponing their projects, which ultimately weighs on demand and therefore on growth. MTB Studio/MTB Studio – stock.adobe.com
ANALYSIS – After a tremendous rebound in recent months, the Nikkei index is now flirting with its historic record of 1989.
The main index of the Tokyo Stock Exchange, the Nikkei 225, rose this week to nearly 37,000 points, a peak not seen for more than thirty-five years. Since the start of the year, the index of 225 star stocks on the Tokyo Stock Exchange has already gained around 8% after a surge of more than 28% last year. It is now a stone’s throw from its historic peak dating from December 1989. It then rose to nearly 38,200 points, before plummeting with the bursting of the real estate bubble and repeated financial crises.
For Laurent Clavel, director of multi-asset management at Axa IM, “the main driver of this performance is the return of inflation to the Japanese economy, which has fallen into a deflation trap for decades. This spiral of falling prices and wages is a real poison for economies. Faced with the continued fall in prices, consumers and investors are constantly postponing their projects, which…
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