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Abe government generates '80s-like market euphoria in Japan
High expectations and a lower yen generated by the new government of Prime Minister Shinzo Abe have been the driving force behind a 32% ascent in the Nikkei Average since November, recalling the market euphoria of the 1980s. While some investors remain skeptical of the sudden runup, more are taking the plunge. "The stock story has mostly been a yen-driven phenomenon, no question. Some investors are finding that they can't afford to remain on the sidelines," says Naoki Fujiwara, fund manager at Shinkin Asset Management.

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