20230519 Nikkei Average

Bullish investors argue that the Nikkei Average could go even higher this year given the valuations of Japanese companies. (Source photo by Tomoki Mera) 

Japan stocks soar as global investors applaud governance changes

'This is no longer foreigners versus Japanese people,' activist says

HONG KONG -- As the Nikkei Stock Average rose last week to its highest level since 1990, Japan equity watchers found themselves in an unusual position. After three lost decades, the whole world was watching them.

Miyuki Kashima, head of Japanese investments at Fidelity International, noted the shifting circumstances as she welcomed reporters to an online briefing Thursday -- the first the fund manager has devoted solely to Japanese equities in years, according to a spokesperson.

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