Nikkei 225 · June 15, 1971
Recovery after the squeeze eased
+31.74%
trough back to the old high
258 trading days · 1970-05-27 → 1971-06-15
this undid the slide that began 1970-04-06
What happened that day?
- From the 27 May 1970 low to 15 June 1971 the Nikkei 225 rose 31.74% — 258 trading days
- It undid the 1970 tightening decline
- The Bank of Japan cut rates and increased the supply of funds to support the economy
- Exports were still doing well, so corporate earnings themselves were not bad
- Accumulating trade surpluses also kept money circulating at home and supported the climb
- The old high returned on 15 June 1971. Two months later the Nixon shock sent it down again
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.