Japan's stocks soar despite economy shrinking in 2020

Tokyo's Nikkei closed above the 30,000 yen mark for the first time since 1990, despite Japan reporting its first annual GDP contraction since the 2009 financial crisis. The country's economy shrank 4.8 percent in 2020, although recovery in the second half of the year was better than expected. But first, Australia's Seven West Media has clinched a partnership deal with Google, just as the country's parliament is set to debate landmark laws that would force Google and Facebook to pay for news content that their platforms link to.