Japan stocks' 28% jump in 2023 fueled by reform, Buffett and M&A

Companies vied for investor money with higher returns and growth-boosting deals

The Tokyo Stock Exchange, Warren Buffett and big acquisitions all contributed to the rally by Japanese stocks in 2023. (Nikkei montage/Source photos by Yuka Kawakami and Reuters)

KOSUKE IGUCHI, Nikkei staff writer

December 30, 2023 03:37 JST

TOKYO -- Japanese stocks wrapped up 2023 with historic gains thanks in large part to three drivers: the Tokyo Stock Exchange's push for reform at undervalued companies, Warren Buffett's trip to Japan, and a rise in acquisitions.