The Strategist

Nikkei 225 breaks through 30,000 points for the first time since 1990

02/16/2021 - 06:25

The Tokyo Stock Exchange Nikkei 225 index, which reflects the dynamics of stock prices of Japan's leading companies, climbed above 30,000 points for the first time in more than 30 years.

Frank Monnerjahn
Frank Monnerjahn
The exchange index TOPIX, which is calculated as weighted average capitalization of 538 Japanese companies, reached 1943.12 points (+0.48%).

The largest company outside the banking sector in 1990 was an energy company TEPCO, but it has lost appeal to investors after the accident at Fukushima in 2011, notes Reuters. 

All Japanese banks, which occupied the top lines of the index by capitalization30 years ago, ceased to exist by 2021. The Nikkei 225 all-time trading record of 38,957 points was reached in 1989.