Nikkei 225 · March 11, 2009
The day after the bottom of the lost decades
+4.55%
single-day change vs previous close
Part of a longer stretch
A year off the crisis low
early in it · 2009-03-10 → 2010-04-05, +60.73% over the whole period
What happened that day?
- The Nikkei 225 rose 4.55% on the day. The previous session, 10 March, was the lowest point of the twenty-year decline since 1989
- That low was the weakest level since 1982 — back to a price from twenty-six years earlier
- From the peak at the end of 1989 to this bottom, more than eighty percent of the index had gone
- Just before it, the government and ruling party said they would support the market through a share-buying body
- In the same period two large US banks said they had been profitable in the early months of the year, and world markets turned together
- The recovery that began at this bottom ran to April of the next year. Regaining the 1989 high, though, took until 2024
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 written from the sources listed above.