The Nikkei Average is high for the first time in 33 years! The German DAX Index, the French CAC40 Index, etc. are also updating year-to-date highs in the global market

On the 22nd, the Nikkei Stock Average was placed in the 31,000 yen range for the first time in 33 years, and the return high after the burst of the bubble was updated. What is the stock priceThere is also an aspect where expectations are ahead, and improving corporate profitability is the key to sustainabilityIt becomes. There were also voices questioning again whether to update the record high achieved at the Dainakai in '89. Goldman Sachs Group is JapanApproaching the once-in-a-decade bull marketI think there is a possibility that it will happen.

According to the Nihon Keizai Shimbun, in addition to the events of the past 30 years or so, there are improvements in the earning power of Japanese companies and changes in main stocks in the background. Motivation for shareholder returns has intensified, and there is a big aspect where not only individuals but also overseas investors have paid attention to Japanese stocks. On March 31, the Tokyo Stock Exchange requested measures aimed at realizing management that is conscious of capital costs and stock prices from all companies listed on the prime market and standard markets. As a result,Shareholder returns are an important issueAs a result, stock buybacks of listed companies became even more active.

Also, Monex Securities' chief strategist Takashi Hiroki is”Favorable conditions are in place, such as strong corporate performance, low interest rates, strong capital investment, and a recovery in inbound demand” also pointed out. The real GDP growth rate for the fiscal year ending 2023/1-3 announced on 5/17 was +1.6% per annum compared to the previous fiscal year, which was higher than the market forecast of 0.7%,Positive growth for the first time in 3 quartersIt became. According to ITOCHU Research Institute, real wages have begun to increase, private consumption continues to expand, and exports are also expected to pick up towards the end of this year, so capital investment will maintain an expansion trend.The economy is expected to continue to recover led by domestic demandIt is said to be done.

Furthermore, since famous investor Warren Buffett stated to “buy Japanese stocks” in the past monthForeign purchases have exploded. Major US hedge funds Point 72, US Wall Street giants such as Citadel (Citadel), Black Rock, and KKR are coming to Japan one after another. In April, overseas investors overbought a total of 22 billion US dollars of Japanese stocks and futures,The inflow of funds from overseas reached a record high。

Other than the Nikkei Average, the main indices that have recently updated year-to-date highs in the global market areGermany's DAX and France's CAC40 have also recently hit record highs.