TOKYO -- Japan's Buffett Indicator, which measures a stock market's capitalization relative to nominal gross domestic product, reached a record high of 179% in July-September, far surpassing the 100% level indicating that the market is overvalued.
Equities
Buffett Indicator for Japan market hits record 179% in overheating territory
Market capitalization almost twice as large as annual GDP
The Tokyo Stock Exchange Prime Market's capitalization has increased by nearly 100 trillion yen since August. (Photo by Yuki Kohara)
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