Nikkei 225 · August 9, 2001
The day 12,000 broke
-3.36%
single-day change vs previous close
Part of a longer stretch
September 11 and deflation
midway through · 2001-05-07 → 2002-02-06, -35.16% over the whole period
What happened that day?
- August 9, 2001 — the Nikkei 225 fell 3.36% to 11,754.56. No single cause for the day could be pinned down
- This was the day 12,000 broke — a level that had held all summer
- The spring's reform hopes had cooled. Restructuring, people started to reckon, makes the economy worse before it makes it better
- Bank shares took the worst of it: clearing bad loans eats capital, and the price said so
- It was the second straight decline, the lowest close since July 30, and the seventh largest one-day fall of the year
- From May 7 to September 17 the episode ran -34.59%
- The low came in September
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.