equitiesrotation

The Japanese market is breaking records again, but not for the reasons many headlines suggest.

The Nikkei 225 closed up +1.48% at 54,341 points, surpassing the 54,000 barrier for the first time and extending two consecutive sessions at historical highs. Although the dominant narrative points to speculation about a possible early election in Japan, the real driver of the movement is clearly macroeconomic and monetary.

What is truly driving the Nikkei
1️⃣ Structurally weak yen