Nikkei Index in Japan Achieves Record-Breaking Point Gain for Fiscal Year 2024 | Business News

### Japan’s Nikkei Posts Record Gain for FY24
#### Nikkei Share Average Rallies 12,328 Points
Japan’s Nikkei share average logged the biggest rise ever on an absolute basis for the fiscal year ended on Friday, rallying 12,328 points. The index hit successive record highs this quarter, after breaking levels on Feb. 22 that were last seen in 1989 during the nation’s bubble economy.

#### Factors Driving the Rally
The rally was supported by better corporate governance, foreign buying on a weaker yen, and expectations that the Bank of Japan will stick with loose monetary policy. These factors contributed to the positive sentiment in the market, leading to the significant gain in the Nikkei index.

#### Market Outlook
Investors are optimistic about the future performance of the Japanese market, with many analysts predicting continued growth in the coming months. The strong performance of the Nikkei index is seen as a reflection of the overall health of the Japanese economy and its resilience in the face of global challenges.

#### Conclusion
The record gain in the Nikkei index for FY24 is a testament to the strength of the Japanese market and the confidence of investors in the country’s economic prospects. As Japan continues to navigate through uncertain times, the performance of the Nikkei index serves as a positive indicator for the future.