Nikkei 225 · June 13, 1994
A bounce on reform hopes
+34.05%
trough back to the old high
131 trading days · 1993-11-29 → 1994-06-13
this undid the slide that began 1992-02-10
What happened that day?
- From the low on 29 November 1993 to the high on 13 June 1994, the Nikkei rose 34.05% over 131 trading days
- Power had changed hands that summer for the first time in thirty-eight years, and the market expected something different
- Income tax cuts and deregulation were on the table
- The US economy was improving, which helped exports too
- But the politics were unstable. The coalition did not last, and the reforms faded with it
- The earthquake and the record-strong yen the following year undid this rally
- When expectation is what lifted the price, the price cools as the expectation does
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.