Japan’s Stock Market Begins 2024 with a Surge, Amid Hopes for a ‘Soaring Dragon’ Year

Japan’s Stock Market Begins 2024 with a Surge, Amid Hopes for a ‘Soaring Dragon’ Year
Pedestrians walk past a signboard showing the closing numbers on the Tokyo Stock Exchange, along a street in Tokyo in Jan. 11, 2024. Richard A. Brooks / AFP via Getty Images
Sean Tseng
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The Year of the Dragon got off to a dramatic start for Japan with the magnitude 7.6 Noto earthquake on Jan. 1 and a fiery plane collision on Jan. 2 at Haneda Airport. Despite these adversities, the Japanese stock market has demonstrated remarkable resilience, starting the year on a strong note.

On Jan. 12, the Nikkei Stock Average reached an impressive 35,577 yen, marking a historic peak not seen since the aftermath of its economic bubble.