Nikkei 225 · June 24, 2015
Two years of more easing
+67.68%
trough back to the old high
497 trading days · 2013-06-13 → 2015-06-24
this undid the slide that began 1996-12-05
What happened that day?
- From the low on 13 June 2013 to the high on 24 June 2015, the Nikkei rose 67.68% over 497 trading days
- In October 2014 the Bank of Japan expanded its easing without warning. The same day, the public pension fund decided to raise its equity holdings sharply
- That created a structure with a central bank buying and a pension fund buying — two hands under the price
- The reason for expanding was that a consumption tax rise in April 2014 had broken the recovery
- This high was the highest since December 1996, the first return to a pre-lost-decades level
- The inflation target still went unmet
- The run ended with the collapse of the Chinese stock market
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.