Nikkei 225 · July 12, 2001
Taking back the previous day
+3.36%
single-day change vs previous close
Part of a longer stretch
September 11 and deflation
early in it · 2001-05-07 → 2002-02-06, -35.16% over the whole period
What happened that day?
- July 12, 2001 — the Nikkei 225 rose 3.36% to 12,407.95. No single cause for the day could be pinned down
- It followed a sharp fall. A big day up after a big day down repeated all through this stretch
- Hope in the reform government that took office that spring was cooling: strong words, no schedule
- The size of the banks' bad loans was still not a settled number
- The rebound lasted one session. The next day turned down again
- From May 7 to September 17 the episode ran -34.59%
- A shock from abroad in September finished the decline off
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 put together from the public record; where a specific source was consulted it is listed above.