Japan stocks soar on price hikes, soft yen and strong U.S. economy

60% of companies exceed analyst expectations as share buybacks also increase

20240213N Stocks

A strong U.S. economy boosted Japanese companies with operations in the country. (Photo by Nanami Sato)

KOSUKE IGUCHI and HINAKO SATO, Nikkei staff writers

TOKYO -- Japan's listed companies are riding strong financial results -- bolstered by price increases, the weak yen and the robust U.S. economy -- to historic high stock prices, with 60% of companies that have announced profit results for October to December exceeding analyst expectations.

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