Japan’s stock index reached its highest point in 33 years on Monday. The Nikkei 225 index rose by 0.9% to 33,850 points in intraday trading on Monday. Which is the highest point since March 1990. However, after reaching the high point on Monday, the index fell by 0.60% to close at 33,388 points.

As the Japanese Yen strengthened, the stock market had some negative impact on Monday. The share price of the automakers including Mazda Motor Corporation have fallen the most. However, the Nikkei 225 index has increased by 8.2% in November alone, and has increased by 28% so far in 2023, according to Bloomberg.

The Nikkei index had earlier closed with 3-week high. Bloomberg writes that the Nikkei index has seen attractive growth this year due to a prolonged weakening of the Japanese Yen, solid growth in corporate earning and corporate governance reforms by the Tokyo Stock Exchange.