Nikkei 225 · October 8, 1982
The autumn world rates turned
+3.47%
single-day change vs previous close
What happened that day?
- On 8 October 1982 the Nikkei 225 rose 3.47%
- US rates had been falling fast since that summer, as inflation finally broke
- Falling rates send money back into shares. The rally that started in America reached Japan too
- August 1982 was also the end of a long bottom for US stocks. The run that began there lasted years
- No single trigger can be pinned to this day
- The dip before it was only 2.2% from the peak
- In Japan this run eventually became the asset bubble of the late 1980s
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.