Nikkei 225 · January 8, 1970
The first week of a tightening year
-4.65%
single-day change vs previous close
What happened that day?
- On 8 January 1970 the Nikkei 225 fell 4.65%
- The Bank of Japan had raised rates the previous autumn, with prices and the trade surplus both climbing
- Tighter money means less of it reaching the stock market. The pullback ran into the spring
- No single trigger can be pinned to this day
- In this stretch the index was 12.13% below its peak
- The slide ended that May and the index rose 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.