The Nikkei index hit a record high of over 50,000 for the first time, driven by hopes of stimulus measures by Japanese Prime Minister Fumio Kishida’s economic minister, Seiko Noda, and expectations of continued easing by the US Federal Reserve.

Investors are optimistic about the potential impact of the stimulus measures on the Japanese economy, with hopes that it will boost growth and support businesses struggling due to the pandemic.

The Nikkei’s surge reflects growing confidence among investors in the global economic recovery, as well as expectations of further monetary policy support from central banks around the world.

Read more at Investing.com: Nikkei tops 50,000 for first time on Takaichi stimulus hopes, Fed easing bets