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The Nikkei 225 index climbed above 26,000 points on Nov. 17, a level not seen since 1991 after the collapse of Japan's asset price bubble. (Photo by Kei Higuchi)
Market Spotlight

Japan's Nikkei index regains 1991 level as investors hunt bargains

Vaccine-sparked hopes for economic rebound point buyers to value stocks

JADA NAGUMO, Nikkei staff writer | Japan

TOKYO -- Investors anticipating recovery from the coronavirus pandemic are scenting bargains in Japan -- propelling the country's stock market to levels last recorded almost three decades ago.

The blue-chip Nikkei Stock Average index has soared, jumping over 2,500 points, or 11%, since the end of October. Last week it touched 26,014, a level not seen since May 1991, after the collapse of Japan's asset price bubble.

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