© Reuters. Visitors walk under Japan’s Nikkei stock prices quotation board inside a building in Tokyo, Japan February 16, 2024. REUTERS/Issei Kato /file photo
By Tom Westbrook
SINGAPORE (Reuters) -A record high for Japanese stocks caps a long walk out of the investment wilderness as money, momentum and signs of change in corporate Japan put the market back atop global portfolios.
It has been a long time coming: more than 34 years and long enough to scar a generation of Japanese investors, who through bitter experience have been sellers into this powerful rally.
With the up 50% in just over a year, however, global managers are now feeling the pain of missing out and scrambling to get in.
Favourable valuations, buybacks and other market-friendly corporate decisions also have investors convinced there is no bubble this time around. Inflows are only getting started, say dealers and fund managers, and barely weeks into the year…
