Japanese Drugmakers Surge to Record Highs Amid Global Economic Slowdown Fears

Despite a recent downturn in the Japanese stock market, pharmaceutical shares have rallied to all-time highs, outperforming all other sectors. This strong performance is attributed to investors favoring defensive stocks amidst global economic slowdown concerns. This trend is mirrored in US and European markets, where healthcare stocks are also proving resilient. The growth potential of Japanese pharmaceutical companies, particularly their expansion into overseas markets, is attracting investors. While this surge might see a temporary dip if the market stabilizes, experts predict continued growth for the sector in the coming months.