TOSBF - Toshiba And The Fragility Of Nikkei 30000
- “Stocks always go up in the long run” is not a universal law. To this very day, the Nikkei 225 languishes some 25 percent below its all-time high reached at the end of 1989.
- In April, two things happened of note: the Nikkei 225 crossed the 30,000 level for the first time since 1990, and Toshiba chief executive officer Nobuaki Kurumatani abruptly resigned from office.
- Long-suffering Japanese investors cheered the Nikkei news, but the Toshiba developments suggested how fragile the recent bullish sentiment might be.
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Toshiba And The Fragility Of Nikkei 30,000