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

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Despite rising to multidecade highs, some investors expect there's momentum to push prices still higher.

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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