Nikkei Index did hit an all-time high in the 1990s. On December 29th, 1989, it closed at 38,915.87, which stood as its record until February 21st, 2024, when it finally surpassed that mark.
it did reach a previous high in 1989 that was close. It then took over 34 years for the index to climb higher and set a new all-time record.
Many investors in the Japanese Stock market in the late 80's would be waiting over a generation to see yesterday's event ( or die before then ).
Inflation does that.
let the good times roll
I was working in Japan up through 1991. I have a lot of Japanese friends and former co-workers who seriously struggled with nothing but investment losses for a solid two decades. A couple had some US investments that did well and kept them afloat, but for the most part it was a lot of lost financial dreams.
Could it be due to Chinese money fleeing ChiCom control and confiscation?