Japanese stocks rose to the highest level in 30 years, reaching the Nikkei benchmark 1.28% to 30,467.75 points, to close at its highest levels since August 1990, and it strengthened progress In the distribution of coronavirus vaccines, expectations that the global economy is on the verge of a strong recovery.


The broader TOPIX index rose 0.57% to 1965.08 and during the session reached its highest level since June 1991.

According to Arabianet, head of fund management at Mitsubishi UFJ Koksai Asset Management, Kiyoshi Ishigani: There are fundamental reasons supporting stocks, but people are concerned On the speed of the rally since the Nikkei hit 29k, but it does not seem to show any signs of stopping.

Japanese stocks tracked the impact of the rise of global stock markets in a rapid rally, as money flows into high-risk assets in anticipation of a rapid improvement in economic growth and corporate profits, but analysts seem Their concern that the recent gains will not be sustained.

The latest announcements of corporate profits have been favorable, and Japan is expected to begin vaccinating against the Coronavirus this week.

Moreover, the Governor of the Bank of Japan, Haruhiko Kuroda, said today, Tuesday, that the recent rise in stocks reflects global expectations, ignoring views that say that the bank’s monetary policy Feed bubble.

The share of Softbank Group topped the list of the winning stocks among the 30 major stocks on the Topix index, up 4.15%, followed by Hoya Corp, which rose 3.79%.

The lowest performance was Toyota Motor, which fell 1.81%, followed by Dai-ichi Sankyo, which fell 0.56%.

and 129 stocks advanced on the Nikkei against a 91 retracement.