Nikkei 225 · March 13, 2001
The dot-com bust reaches Tokyo
-43.27%
peak-to-trough, the whole slide
226 trading days · 2000-04-12 → 2001-03-13
back to the old high on 2015-06-24
What happened that day?
- From the high on 12 April 2000 to the low on 13 March 2001, the Nikkei fell 43.27% over 226 trading days
- The Nasdaq had topped out on 10 March 2000. Tokyo followed a month later
- What had risen in Japan was telecoms and electronics too. The same story was lifting prices everywhere
- On top of that sat a domestic problem: the bad loans still had not been cleaned up
- The Bank of Japan raised rates in August 2000 and reversed it the following year. Policy wavering did not help
- This is the period when falling prices — deflation — set in for good
- The high it fell from was not regained until June 2015
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.