Japanese equities round off the year with highest close since 1989

The Nikkei closes the year up by 4.9% to 28,791.71 while the Topix gained by 10.4% to 1,992.33. Both indices are recording their highest year-end close since 1989.

TPX M1 30-12

It has been a bit of a challenging year at times for Japanese stocks, particularly after the BOJ revamped its guidance on ETF purchases back in March. Some notable headlines from the decision at the time:

Since March, Japanese equities have struggled somewhat to build on gains but the Topix is able to outperform still amid the shift in focus on ETF purchases in general. 2022 may be a tougher year to navigate but be reminded that the BOJ commitment is still in place.


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