The Nikkei Stock Average reached another record high on the 26th. The market's rise has been driven by expectations for an end to deflation and a virtuous cycle of wage increases and higher prices, while the unrealized gains and cash holdings of individual investors are also highlighted.
The Nikkei Stock Average reached another record high on the 26th. Market participants have reacted to the continued record highs from last week and the market's sharp rise since the start of the year.
At Mizuho Securities, telephone orders for stock trades have doubled, while profit-taking sales of stocks already held have also picked up. The index's gain since the start of the year has exceeded ¥5,700, marking a record high for the second consecutive trading day.
Warren Buffett, known as the Oracle of Omaha, has also voiced caution about the current rise in stock prices. Berkshire Hathaway's holdings of cash and U.S. Treasury bills have reached a record high. Market participants say investors should consider the sustainability of the rally through a virtuous cycle of wage increases, growth and distribution.
Individual investor JIN says he has unrealized gains of about ¥30 million from cash equities and investment trusts combined, but is cautious about what comes next and has indicated that he intends to refrain from riskier purchases.