Tokyo
31,352 yen: this is the level of the benchmark Nikkei stock index, in session on Tuesday. This high had not been reached since August 1990, when the Japanese Recycle Bin was in full descent after a few crazy years of speculative bubble. It does not take more for investors to dream of yet another "return of Japan", already observed in 2000 under the administration of charismatic Prime Minister Junichiro Koizumi, then in 2013 under that of his distant successor Shinzo Abe, father of the much commented Abenomics.
This return of affection for the Tokyo Stock Exchange can be seen in the figures: "Between March 2015 and last March, foreign investors had sold $248 billion worth of Japanese shares; since then, they have bought 47 billion," calculated Nicholas Smith, strategist at CLSA. Tokyo has its apostle: legendary investor Warren Buffett. The Oracle of Omaha has invested in five Japanese trading houses (one of its only investments outside the world).
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