Nikkei 225

The Nikkei 225 isJapan’s major stockmarket index.

Industrials account for almost 30% of the Nikkei 225, Japan's major stockmarket index. Most are major exporters, so the market is not only highly sensitive to the global business cycle, but also to the level of the yen.

A strong currency has been a key reason why the index has struggled of late. Consumer services, technology, basic materials and oil and gas, along with cars and car parts (which form a third of the consumer goods segment), are also economically-sensitive sectors. They are jointly worth over 40% of the index.

Only healthcare and telecoms, along with the rest of the consumer goods sector, are classically defensive.

See Tim Bennett's video tutorial: What is an index?

Most Popular

Wood-burning stove vs central heating ‒ which is cheapest?
Personal finance

Wood-burning stove vs central heating ‒ which is cheapest?

Demand for wood-burning stoves has surged as households try to reduce their heating costs this winter. But how does a wood burner compare with central…
21 Nov 2022
Fan heater vs oil heater – which is cheaper?
Personal finance

Fan heater vs oil heater – which is cheaper?

Sales of portable heaters have soared, as households look to cut their energy costs. But which is better: a fan heater or an oil heater? We put them t…
21 Nov 2022
Santander launches new bank account – is it any good?
Bank accounts

Santander launches new bank account – is it any good?

Santander’s new accounts gives you up to £20 cashback a month and 4% interest rate on savings.
25 Nov 2022