Japan stocks are on fire this year. Here are 3 reasons why the rally could have 'staying power'

Never mind Treasury bills, Artificial Intelligence or crypto. Here's one far more surprising place that's attracting investor interest in 2023 — Japan. The country's equities recently reached 33-year highs. Last week, the country's Tokyo Stock Price Index almost reached 2,200 — closing at its highest level since August 1990 . Back then, Japan boasted the world's second-largest economy, threatening to overtake the U.S.

Those things almost always never work in Japan, because of the culture. You're seen as a troublemaker," Diamond Hill's Mohanraj said.

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