Japan Emerges From 30 Years of Economic Malaise

Japan Emerges From 30 Years of Economic Malaise
People pass an electronic board showing the closing numbers on the Tokyo Stock Exchange along a street in Tokyo on May 22, 2023. Kazuhiro Nogi/AFP via Getty Images
Shawn Lin
Updated:
0:00

Global chip makers are expanding their operations in Japan as the East Asian nation’s economy recovers from a 30-year low.

According to the Nikkei Chinese website, Japan’s stock market has been on a winning streak, closing at 31,086.82 on May 22—the first time it exceeded 31,000 points since July 26, 1990 (31,369.75). It was the highest level in about 33 years. It fell back slightly over the following two days.
Shawn Lin is a Chinese expatriate living in New Zealand. He has contributed to The Epoch Times since 2009, with a focus on China-related topics.
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