Japan's Nikkei share average reached a 34-year peak, closing at levels not seen since February 1990. The surge above 37,000 points follows a dovish stance from the Bank of Japan (BOJ), with a high-ranking official indicating that the central bank's policy tightening would be gradual. The Nikkei's rise was also attributed to a weak yen, with tech shares experiencing significant gains. The index is now about 5% away from surpassing the all-time high set in December 1989. This milestone comes at a time when many Asian markets are closed for the Lunar New Year holiday.
Japanese Stocks Hit 34-Year High 🚨 For the first time in 34 years, the Nikkei jumped above 37,000. The index is now about 5% away from taking out the all-time high set all the way back in December 1989. https://t.co/1LUMcAaZXH
Nikkei briefly hits 34-year high, with many Asian markets shut for Lunar New Year holiday: Asian shares were mostly higher Friday as Tokyo’s benchmark momentarily touched a 34-year high, while many regional markets were closed for… https://t.co/pXuLMNNGqK #japannews #japantoday
Japan’s Nikkei hits 34-year high on weak yen https://t.co/o3wqYg0zsU
WE SO BACK The Nikkei 225 hits 37,000 for the first time since February 1990. The last time Japanese stocks were this high, "Driving Miss Daisy" was top of the US box office https://t.co/7gXXgUpGoy
Japan's Nikkei closes at 34-year peak on dovish BOJ; tech shares soar https://t.co/F3WBfGUH60 https://t.co/BIuaatC3Kw
⚠️ JAPAN'S NIKKEI CLOSES AT 34-YEAR PEAK ON DOVISH BOJ; TECH SHARES SOAR (Reuters) Japan's Nikkei share average closed at the highest level in 34 years on Thursday, surging more than 2% after a high-ranking Bank of Japan (BOJ) official signaled that any policy tightening would… https://t.co/wnbkAExJh1