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Will Nikkei's record-breaking rally sustain even as Japan's economy sputters?
Japan’s Nikkei stock index has been on a record-breaking spree on the back of robust earnings and investor-friendly measures. But the country’s ailing economy has experts divided over this sustainability of this rally. The Nikkei 225 surged past the 40,000 mark on Monday, with some economists forecasting it still has room to climb, having surpassed the 1989 record high of 38,915.87 last month. “I would not be surprised if Nikkei hit 50,000 in a matter of a few years. Sector-wise, high-tech related companies will continue to be promising,” Kazuo Momma, Mizuho Research Institute’s executive economist, told ... (full story)