TOKYO/NAGOYA, Japan — Toyota Motor has set a new record for market capitalization for a Japanese company, reaching 48.7 trillion yen ($328.8 billion) at the end of Tuesday’s trading in Tokyo, as overseas investors flock to blue chips.
Toyota closed at 2,991 yen, up 9 yen from Monday and rising for a fifth straight session. Its share price, which touched 3,034 yen at one point Tuesday, has set a new record high for several days.