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“Golden Japan” Reappears as New Year's Market Booms

1, 05. 2006

New Year's economy in Japan began with soaring share prices. The Nikkei average on Jan. 4, the year's first day, closed at 16,361.54, 250.11 points higher than last year's closing price. The market seems to be full of enthusiasm by individual investors, as the share prices continued to rise for another two straight days. New Year's issues of major business magazines are filled with articles inducing people to invest in stocks, titled such as "100 million Japanese are Investors" (Weekly Economist) and "Profitable Stocks in the Golden Three Years" (Diamond Weekly). The journals are bubbling over market conditions as if Zipangu, the nation of gold first mentioned in the travels of Marco Polo to refer to Japan, reappeared.

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