Japan’s Nikkei 225 Faces Uncertainty As Rates Rise
Japan was in a different situation than much of the developed world, having dealt with deflation for the previous 30 years, and Japanese short-term rates were already held in negative territory prior to the pandemic. A weaker yen boosted Japanese exports, contributing to a 55% surge in the Nikkei 225 from January 2021 to July 2024.
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