日股全年上涨26%，涨幅比欧美突出

Group 1 - The Nikkei average index closed above 50,000 points for the first time, with a yearly increase of 26% (up 10,444 points), outperforming the US Dow Jones Industrial Average for three consecutive years [2] - The rise in stock prices is attributed to global expectations surrounding generative AI and stable inflation in Japan, alongside increased foreign investment due to the new government led by Prime Minister Kishi [2][6] - The total market capitalization of global stocks reached $146 trillion, increasing by $25 trillion (20%) over the year, with almost all major countries experiencing stock price increases [2][4] Group 2 - Japan's AI-related stocks, such as Advantest, SoftBank Group, and Tokyo Electron, are expected to benefit from increased demand, significantly contributing to the rise of the Nikkei index [5] - Japan's stock market performance has been notably strong, with a 14% increase in 2025, marking the first time since 1989 that it has outperformed the US Dow Jones for three consecutive years [5] - The stability of inflation in Japan has been a key factor, with consumer price increases exceeding the government's target of 2% for over three years [5] Group 3 - The new government under Kishi has led to a surge in overseas investment, with foreign purchases of Japanese stocks exceeding 5 trillion yen, the highest since the first year of Abenomics in 2013 [6] - However, the government's expansionary fiscal policies may pose risks to stock price stability, particularly if inflation continues to rise and affects market confidence [6] - The ability of the ruling party to implement growth strategies without losing market trust will be crucial for the future direction of the stock market [6]