Financial security, not fine art, helps drive Japan stocks to record high
Thursday, 22 February 2024
Before Japan's asset bubble catastrophically burst in the early 1990s, stockbroker Ryuta Otsuka remembers waving a 10,000-yen note to hail a taxi after evenings sipping champagne at high-end Tokyo nightclubs. You couldn't catch one without waving a 10,000-yen note,"The bill was worth around $70 back then and now -- although in the 1980s a greenback could buy a lot more than today.
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