Nikkei 225 · August 14, 2001
A summer bounce, a month before the low
+3.84%
single-day change vs previous close
Part of a longer stretch
September 11 and deflation
midway through · 2001-05-07 → 2002-02-06, -35.16% over the whole period
What happened that day?
- 14 August 2001 — the Nikkei 225 rose 3.84%. No single cause for that one day could be pinned down
- The market had been falling from its early-May high. This day sits inside that
- Japan's problems then were bank losses and falling prices. If you expect prices to fall, you put off both spending and investing
- Through the summer the government pushed structural reform, and hope and disappointment traded places
- The bounce did not carry. The episode low came on 17 September, the day New York reopened after the attacks in America
- From the May high to the September low the index fell 34.59%
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 put together from the public record; where a specific source was consulted it is listed above.