Nikkei 225 · September 5, 1990
After rates hit six percent
-3.33%
single-day change vs previous close
Part of a longer stretch
The bubble's first leg down
near the end of it · 1989-12-29 → 1990-10-01, -48.04% over the whole period
What happened that day?
- On 5 September 1990 the Nikkei 225 fell 3.33%
- Rates had gone to six percent the week before
- At the same time the Gulf crisis kept pushing oil up. Both worked the same way
- That combination was especially bad for Japan: money tightening while costs rose
- No single trigger can be pinned to this day
- In this stretch the index was 39.08% below its peak, and the low came on 1 October
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.