Nikkei 225 · April 18, 2001
The day the reform candidate pulled ahead
+4.40%
single-day change vs previous close
Part of a longer stretch
Two months on a new prime minister
midway through · 2001-03-13 → 2001-05-07, +22.93% over the whole period
What happened that day?
- On 18 April 2001 the Nikkei 225 rose 4.4%
- It had become clear that the candidate running on reform was ahead in the party leadership race
- His central promise was to finish cleaning up the bad loans and privatise state enterprises
- The hope that a problem postponed for ten years might finally be handled lifted prices
- The hope faded within a fortnight, though. Reform takes time and markets do not wait that long
- In this stretch the index was 24.33% below its peak
- The results only showed from 2003 onwards
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.