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In what has been an annus horribilis for most developed-market equities, Japanese investors find their blue-chip benchmark back in positive territory for the year.
Helped by a weaker yen and continued stimulus by a resolute Bank of Japan, the Nikkei 225 index has outperformed peers and erased its 2022 losses Monday. Its 0.3% gain compares with the almost 13% decline in the MSCI AC World ex Japan Index and a 15% drop in the MSCI Asia Pacific Index.
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Nikkei 225 Erases Year’s Loss as Japan Outperformance Continues