Japan’s benchmark stock index topped 16,000 points Monday, reaching its
highest level since October 2000. The dollar rose slightly against the
yen and euro.

The Nikkei 225 index rose 166.30 points, or 1.04
percent, to finish the day’s trading at 16,107.67 points on the Tokyo
Stock Exchange. The broader Topix index, including all shares on the
exchange’s first section, gained 11.05 points, or 0.67 percent, to
1,648.94 — the Topix’s highest closing since May 2000.

The iShares MSCI Japan Index (EWJ) and the iShares S&P/TOPIX 150 Index (ITF) have both hit new highs and are up over 8% for the month.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.