Nikkei Average Hits Post-Bubble High
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2023/03/BRKN.jpg)
9:16 JST, May 19, 2023
Tokyo, May 19 (Jiji Press)—Tokyo stocks got off to a strong start Friday, with the benchmark Nikkei average hitting the highest level since the collapse of Japan’s bubble economy in the early 1990s.
At 9:04 a.m., the Nikkei average of 225 selected issues listed on the Tokyo Stock Exchange’s Prime section stood at 30,924.57, up 350.64 points, or 1.15 pct, from Thursday. The index surpassed its previous post-bubble high of 30,670.10 marked in September 2021.
High-priced semiconductor and other electronic parts issues attracted purchases on the back of Wall Street’s overnight rise and the yen’s weakening against the dollar, brokers said.
In Tokyo currency trading, the dollar stood at ¥138.62-63 at 9 a.m., up sharply from ¥137.81-81 at 5 p.m. Thursday.
"Business" POPULAR ARTICLE
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING