Christmas may not be a public holiday in Japan, but Santa still came early for many Japanese investors, with the benchmark Nikkei index topping 16,000 on Tuesday for the first time since November 2007. The index ended below those levels but still posted a six-year closing high for the second time this week.
The index has outperformed its global peers this year following the introduction of Abenomics - a series policy of measures rolled out under Prime Minister Shinzo Abe aimed at breathing life back into the Japanese economy. Year-to-date, the Nikkei has notched up gains of 53 percent and is set for its best annual rise since 1972, according to data from Thompson Reuters.
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