Nikkei 225 · January 28, 1993
The start of the third year
+3.35%
single-day change vs previous close
Part of a longer stretch
The rally the stimulus bought
midway through · 1992-08-18 → 1993-09-13, +47.79% over the whole period
What happened that day?
- On 28 January 1993 the Nikkei 225 rose 3.35%
- It was the third year since the bubble began deflating, and the index was still well under half its peak
- What was lifting prices was public spending and rate cuts. Company earnings had not recovered
- When policy is what raises a price, the price stops when the policy does
- No single trigger can be pinned to this day
- In this stretch the index was 7.93% below its peak
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.