Nikkei 225 · March 9, 2022
When the easing ran out
-19.41%
peak-to-trough, the whole slide
117 trading days · 2021-09-14 → 2022-03-09
back to the old high on 2023-05-19
What happened that day?
- From the high on 14 September 2021 to the low on 9 March 2022, the Nikkei fell 19.41% over 117 trading days
- That high was the highest since August 1990, reached eighteen months up from the COVID low
- The money supplied during the pandemic met broken supply chains, and prices began rising worldwide
- Rising prices force central banks to withdraw money. Since that money was what lifted share prices, the direction reversed
- Russia's invasion of Ukraine in February 2022 pushed energy and grain prices up further
- The Bank of Japan alone kept easing, and that gap showed up as a weaker yen
- This high was recovered in May 2023
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.