Nikkei Hits Record High as Weak Yen and Lower Oil Prices Boost Japan Stock Market

The post Nikkei Hits Record High as Weak Yen and Lower Oil Prices Boost Japan Stock Market appeared first on Coinpedia Fintech News

Japan’s Nikkei index climbed to a record 72,500, more than double its 1989 peak of 38,900 and the highest level in its 77-year history. The rally comes as the yen remains near multi-decade lows against the U.S. dollar, helping exporters by making Japanese goods more competitive overseas. Lower oil prices have also improved the outlook …