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Nomura traders burst into applause as Nikkei hits record high

Applause rang out across a Tokyo trading room floor on Thursday as Japanese stocks hit their highest level ever, topping a record set during the 1980s bubble economy and long seen as unbreakable.Some 20 traders at brokerage Nomura's Tokyo trading floor were on their feet moments after the midday break, and as the Nikkei share index broke through its all-time record high of 38,957.44, set in December 1989.The board in front of them flashed the new record of 39,029 that the index touched at 12:32 p.m. (0332 GMT). Some clapped while others let out muted cheers alongside a lone "bravo."More animated cheers and prolonged applause had broken out in the morning session when the Nikkei broke above its previous all-time closing high of 38,915.

Deflation s end? Nikkei hits highest since 1990s

International Business News: Japan's Nikkei 225 Stock Average climbed to its highest since the nation's bubble economy era more than three decades ago, reflecting investor optimis

The Strange Power of Denial - The Daily Reckoning

The Strange Power of Denial - The Daily Reckoning
dailyreckoning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyreckoning.com Daily Mail and Mail on Sunday newspapers.

Why did Keynesian fail in saving Japan\ s economy - 博客

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The Peculiar Power Of Denial

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