Source: Hong Kong Zhongtong News Agency

After decades of low tide in the Japanese stock market, it has risen continuously in the near future.Japanese stock boom attracts the attention of global investors.

The Japanese stock market rose to a historical high on March 22.The average index of the Nikkei received 40,888 points, a new high for two consecutive days, and Japanese stocks have risen more than 2,000 points in the past week.In terms of individual stocks, Nissan Automobile, Honda Motor, Mitsubishi Commercial, Tokyo Electronics and other performances are active.

The Japanese economy strengthened in the late 1980s. The Nikkei 225 Index reached its peak in December 1989. This index has begun a rising curve since early 2023. It hit a record high in February this year and rose this month.Break 40,000 points.

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Nikkei 225 Index's bull market in the 1980s, starting from 6867 in 1980 to the closing record of 38915 after 10 years.In the past ten years, Japanese stocks have risen every year, and in 1988 and 1989, 40%and 29%of the annual increases were achieved, which attracted a large number of speculators in Japan.

But the good times did not last long, and the foam was shattered immediately.The Japanese stock market and land prices collapsed, the crisis of financial systems broke out, and entered a period of continued economic downturn.Since then, the Japanese stock market has opened up for nearly 20 years, until Fang opened a rebound in 2009.

Does the rise of the Japanese stock market mean that Japan has been riding over many years of economic difficulties?

In this regard, Liu Chunsheng, an associate professor at the School of International Economics and Trade at the University of Central University of Finance and Economics, pointed out in an interview with the Hong Kong News Agency on the 22nd that the Japanese stock market has recently been affected by the yen's interest rate hike.Although the interest rate hike is very small, from the original negative interest rate to 0.1%.Although it is a very low level, there are still some boost and stimulus in the Japanese stock market.However, it is too early to explain whether Japan has got rid of economic recession.From the current point of view, the Japanese economy has improved in recent years, but in the long run, it is difficult to get rid of the predicament.Because the entire world economy may be in a decline in 2024, it is predicted that the economic growth rate is lower than the 2023, and there is still a risk of geopolitics.

A few days ago, the Bank of Japan's announcement of raising policy interest rates means that the negative interest rate policy has been announced for many years.It is worth mentioning that this is the first time that the Bank of Japan has raised interest rates since 2007, and Japan's 8 -year "negative interest rate era" has also officially ended.

For the real economy, due to factors such as rising prices and the appreciation of the euro, Japan's GDP was overtaken by Germany in 2023, and lost its position in the world's third largest economy.

The preliminary statistics released by the Ministry of Finance of Japan on the 21st showed that the Japanese trade deficit in February was about 379.4 billion yen (about 151 yen), a decrease of 59.2%year -on -year.This is a trade deficit in Japan for two consecutive months.

Liu Chunsheng pointed out that the structural problems of the Japanese economy still exist.In the field of electronic industry chain, such as chips, compared with mainland China, South Korea, and even Taiwan, Japan's performance is not particularly good.Japanese cars and ship manufacturing are challenged by China, indicating that there are still great problems in the development and development and export of manufacturing in Japan.Therefore, it is normal for Japan to have a trade deficit.Japan's interest rate hike solved some problems, but the amplitude is small, more of a demonstration effect.