The Economic Indicators are getting real jumbled...
Japan’s Nikkei stock index hit an all-time high. Stocks surged 2.1% yesterday, surpassing the record set in 1989 at the height of the country’s postwar economic boom. Nvidia’s epic Q4 earnings helped lift stocks around the world, but Japan’s surge was already bubbling, thanks to foreign investors, strong corporate profits, and the downturn in China.
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Still, Japan’s economy remains in a recession as—unlike in the US and much of the world—officials are keeping interest rates low to spur inflation and stop the yen from weakening.
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S: Morning Brew