Nikkei 225 · December 13, 2001
Bad loans back in the frame
-3.41%
single-day change vs previous close
Part of a longer stretch
September 11 and deflation
near the end of it · 2001-05-07 → 2002-02-06, -35.16% over the whole period
What happened that day?
- December 13, 2001 — the Nikkei 225 fell 3.41% to 10,433.45. No single cause for the day could be pinned down
- It wiped out the previous session's large gain in one go
- When and how the banks would clear their bad loans was the question hanging over the whole year
- The banks also held shares. Lower prices cut their capital, which pushed prices lower again
- It was the lowest close since December 3
- It was the sixth largest one-day fall of the year
- From August 15 to February 6 the episode ran -19.86%
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is put together from the public record; where a specific source was consulted it is listed above.