Nikkei 225 · January 6, 1988

A jump inside Tokyo's recovery (6 Jan 1988)

+5.63%

single-day change vs previous close

Part of a longer stretch

Tokyo's fast recovery from Black Monday

midway through · 1987-11-11 → 1988-04-07, +27.25% over the whole period

What happened that day?

On 6 January 1988 the Nikkei 225 rose 5.63% in a single day
It sits inside the recovery that ran from the November 1987 low to April 1988
Japan's economy was strong and low rates had left money everywhere, so Black Monday's damage was undone in five months
That contrasts with Wall Street, which needed until the summer of 1989
No single trigger is pinned to this day. It belongs to a stretch where even a crash could not break the momentum
That momentum kept inflating the bubble into late 1989

Sources

Japanese asset price bubble

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.