Nikkei 225 · October 11, 1974

The rebound at the oil-crisis bottom

+4.71%

single-day change vs previous close

Part of a longer stretch

Japan's recovery from the oil shock

early in it · 1974-10-09 → 1978-03-28, +59.77% over the whole period

What happened that day?

The Nikkei 225 rose 4.71% on the day. 9 October had been the bottom of this bear market
In 1973 Middle Eastern producers restricted oil exports and the price quadrupled
Japan, importing all of its oil, was hit especially hard. Inflation passed twenty percent
Society shook enough for people to hoard toilet paper, and the economy contracted that year for the first time since the war
The crisis redirected Japanese industry. Moving toward using less oil is what let its small cars and electronics take world markets
The recovery that began at this bottom ran to 1978

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.