The Nikkei

4 Feb

A lot has been written about the equity market rally in the first month of 2013, no need to repeat the obvious here. What is worth mentioing though is that the Nikkei index has been one of the biggest beneficiaries of the bullish start to the year. That comes on top of big months for the Nikkei in November and December 2012, meaning that it has returned a staggering 30% since 11 November 2012 (see first image).

The Nikkei index : 30% higher than its level on 11 November 2012

The Nikkei index : 30% higher than its level on 11 November 2012

However, before we get too carried away when it comes to the Nikkei its always worth remembering it still lies massively below the highs reached in the early 1990s.

Nikkei : still a long way below early 1990s levels

Nikkei : still a long way below early 1990s levels

 

 

 

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