Nikkei 225 · May 1, 1972
The year money was everywhere
+5.20%
single-day change vs previous close
What happened that day?
- On 1 May 1972 the Nikkei 225 rose 5.2%
- The major currencies had been realigned at the end of the previous year, leaving the yen dearer and exports harder
- Japan's answer was to flood the system with money — lower rates and more government spending
- That money went into shares and land. The Nikkei rose sharply through 1972
- No single trigger can be pinned to this day
- The easing fed an inflation surge the following year, on top of which came the oil shock
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.