---
title: "日本的狂热情绪因高估值而面临风险"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/276466150.md"
description: "由 Bloomberg Markets Live 记者和策略师佐野英之撰写，日本股票的估值达到了数十年来的最高水平，因为在高市早苗首相的决定性选举胜利后，“买入日本” 的热潮开始升温，这使得投资者开始质疑剩余的上涨空间有多少。当前，东证指数的交易价格约为未来 12 个月预期收益的 18 倍"
datetime: "2026-02-20T16:47:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276466150.md)
  - [en](https://longbridge.com/en/news/276466150.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276466150.md)
---

# 日本的狂热情绪因高估值而面临风险

_By Hideyuki Sano, Bloomberg Markets Live reporter and strategist_

Valuations in Japanese stocks are the highest in decades as a “Buy Japan” rally took off after Prime Minister Sanae Takaichi’s decisive election victory, leading investors to question how much upside remains.

**TheTopixnow trades around 18 times expected earnings for the next 12 months.**

### 相关股票

- [1568.JP](https://longbridge.com/zh-CN/quote/1568.JP.md)
- [1475.JP](https://longbridge.com/zh-CN/quote/1475.JP.md)
- [JPNL.UK](https://longbridge.com/zh-CN/quote/JPNL.UK.md)
- [1306.JP](https://longbridge.com/zh-CN/quote/1306.JP.md)
- [1457.JP](https://longbridge.com/zh-CN/quote/1457.JP.md)
- [1473.JP](https://longbridge.com/zh-CN/quote/1473.JP.md)
- [1308.JP](https://longbridge.com/zh-CN/quote/1308.JP.md)
- [YCS.US](https://longbridge.com/zh-CN/quote/YCS.US.md)

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