Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Kyoko HASEGAWA

Financial Security, Not Fine Art, Helps Drive Japan Stocks To Record High

The Nikkei 225 finally clawed its way back above its bubble-era record, but this time many ordinary investors are driven more by worries about their future (Credit: AFP)

Before Japan's asset bubble catastrophically burst in the early 1990s, stockbroker Ryuta Otsuka remembers waving a 10,000-yen note to hail a taxi after evenings sipping champagne at high-end Tokyo nightclubs.

Some 35 years on, the Nikkei 225 on Thursday finally clawed its way back above its bubble-era record, but this time many ordinary investors are driven more by concerns about savings and pensions than coveting fine art and penthouses.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.