<story><title>Japan&apos;s Nikkei surpasses 1989 all-time high</title><url>https://www.cnbc.com/2024/02/22/japans-nikkei-hits-all-time-high-on-reforms-robust-corporate-earnings.html</url></story><parent_chain></parent_chain><comment><author>rayiner</author><text>&amp;gt; The rally has also been supported by a weaker yen, which has shed about 6% against the dollar so far this year and seems on track to drop to to 33-year lows touched late last year.&lt;p&gt;We just got back from Tokyo and the prices for everything were crazy low. Ordered a bunch of sushi at a mall sushi place in Kyoto for what it would cost for Chipotle in DC. It was a huge shock when we flew back through SF and paid $13 each for a taco truck burrito in Millbrae.&lt;p&gt;The Japanese folks I’ve spoken to are pretty grumbly about the weak yen, though.</text></comment>
<story><title>Japan&apos;s Nikkei surpasses 1989 all-time high</title><url>https://www.cnbc.com/2024/02/22/japans-nikkei-hits-all-time-high-on-reforms-robust-corporate-earnings.html</url></story><parent_chain></parent_chain><comment><author>SCAQTony</author><text>Their economy is still not doing well. The sole reason that the NIKKEI is storming it is that banks only offer negative interest rates on bank deposits. Thus, the NIKKEI is the only real option left.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.focus-economics.com&amp;#x2F;country-indicator&amp;#x2F;japan&amp;#x2F;interest-rate&amp;#x2F;#:~:text=Interest%20Rate%20forecasts%20and%20outlook%20for%20Japan&amp;amp;text=The%20BOJ%20Policy%20Rate%20ended,3.50%25%20at%20end%2D2022&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.focus-economics.com&amp;#x2F;country-indicator&amp;#x2F;japan&amp;#x2F;inte...&lt;/a&gt;.</text></comment>