Global funds are pouring into Japan, making the nation’s shares into top performers over the past year. The weak yen is offering a further tailwind and boosting Japanese exporters, while the Tokyo bourse’s push to improve corporate governance is raising expectations for more shareholder returns.
Japan’s Nikkei 225 Stock Average reached a record high, joining Wall Street stocks in pushing into uncharted territory.
The blue-chip gauge surged 2.2% to close at 39,098.68, above its past peak formed in 1989, on the back of a rally in technology shares such as Screen Holdings Co. and chipmaking gear producer Tokyo Electron Ltd. after robust earnings from Nvidia Corp.
