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Stocks

Market Scramble: 3 magic phrases power Nikkei recovery

70 components achieve all-time highs Friday

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Mandom's hair pomade tripled volume sales in Indonesia last fiscal year.   © Reuters

TOKYO -- Japanese equities finally crossed the 20,000-point threshold on Friday thanks to scores of components that posted record highs that day. And analysts see a chance for further growth centering around three key phrases: big data, price hikes and market development.

The Nikkei Stock Average topped the psychologically significant 20,000-point mark at 9:08 a.m., eventually closing 317 points higher to 20,177. "We are seeing money coming not only from overseas, but also from domestic institutional investors," said a veteran trader at a major Japanese brokerage.

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