·8 min read
Japan's Quiet Stock-Market Revolution: TSE Reform, Record Buybacks, BoJ at 1.25% and the Nikkei Up 31.85%
The Nikkei 225 closed at 66,364.20 on 25 Sep 2026, up 31.85% YTD, and at 69,030.92 on 9 Oct. Why TSE reform and buybacks, not the yen, drive Japan.