Japan’s stock market roared higher in the first half of 2023, trouncing gains scored by equities in the U.S. and other developed markets, while defying the tightening trend at other global central banks.
In the year’s first half, Japanese stocks returned 24% in the local currency, as measured by the MSCI family of international indexes, while the U.S. equivalent rose 17% in the same stretch “by successfully fighting the Fed,” according to Scott Opsal, director of research and equities at The Leuthold Group.
Earlier:…
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