Nikkei 225 · March 8, 1993
The spring rates went lower still
+5.17%
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 8 March 1993 the Nikkei 225 rose 5.17%
- The Bank of Japan had cut again early that year — the sixth step since 1991
- At the same time, word was out that a new stimulus package was being prepared
- When rates fall, leaving money on deposit becomes a loss, which opens a path into shares
- No single trigger can be pinned to this day
- In this stretch the index was 7.93% below its peak
- This up-stretch ended that September
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.