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People visit the stand of NVIDIA during the 11th China Digital Entertainment Expo and Conference, known as ChinaJoy 2013, in Shanghai, China, 25 July 2013.
Where is GZERO’s signature political angle on this story? The first stock market to surge on this news was the Japanese Nikkei index, which climbed 2.2% higher to break its all-time highs set in late 1989 (!).
OK, “Japan is back” enthusiasm is limited by news this week that its economy fell into fourth place behind Germany with a disappointing Q4 from last year. There’s also the reality that topping this previous high reminds Japan and the world just how tough the past third of a century has been for its economy.
Still, good news is good news, and Fumio Kishida’s deeply unpopular government can use all the good news it can get.
This is also a welcome development for the US economy at a time when President Joe Biden badly needs it. On Thursday, US stocks posted their best day of the year so far, with the NASDAQ closing up nearly 3%.