Nikkei 225 · April 23, 1992

Hope that something would be done

+3.34%

single-day change vs previous close

Part of a longer stretch

When the bad loans surfaced

near the end of it · 1991-03-18 → 1992-08-18, -47.29% over the whole period

What happened that day?

On 23 April 1992 the Nikkei 225 rose 3.34%
With the index down nearly forty percent from its peak, talk of government action was constant
Proposals included putting pension money into shares
Hope like that lifts prices for a few days and lets them fall again when the actual measure disappoints
No single trigger can be pinned to this day
In this stretch the index was 39.88% below its peak
The low of the stretch came four months later, on 18 August

Sources

Lost Decades
Nikkei 225

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.