Tokyo Summer Stock Boost Pushes Nikkei Close to Breaking Even

In what has been an annus horribilis for most developed-market equities, Japanese investors find their stock benchmarks on the cusp of breaking even for the year.

Helped by a weaker yen and continued stimulus by a resolute Bank of Japan, both the Topix and Nikkei 225 indexes have outperformed peers, closing within one percentage point of positive territory Friday, compared with an MSCI World Index still down some 12%. The MSCI Asia Pacific Index is down 16% this year.

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