WhyItDropped

Nikkei 225 · June 28, 2013

Off the bottom by the end of June

+3.51%

single-day change vs previous close

Part of a longer stretch

Two years of more easing

early in it · 2013-06-13 → 2015-06-24, +67.68% over the whole period

What happened that day?

  • On 28 June 2013 the Nikkei 225 rose 3.51%
  • Two weeks of recovery had followed the low of 13 June
  • Officials kept saying the US would not cut its bond buying immediately, and the anxiety subsided
  • The Bank of Japan repeatedly confirmed it would keep easing as it was
  • No single trigger can be pinned to this day
  • The crash before it had been 20.36% from the peak
  • This recovery ran for two more years, to the high of June 2015

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.