Nikkei 225 · January 27, 2009

A winter bounce before the low

+4.93%

single-day change vs previous close

Part of a longer stretch

Japan's lost decades

near the end of it · 1989-12-29 → 2009-03-10, -81.87% over the whole period

What happened that day?

The Nikkei rose 4.93% to close at 8,061.07. No single trigger for the day could be pinned down
The episode fell 39.92% from the late-September 2008 high to the March 2009 low. This day sits near its end
Around this time governments were injecting capital into banks and preparing stimulus. Every such story sent prices jumping
At the same time the real-economy numbers kept worsening. Japanese exports were collapsing
When hope and reality pull apart, daily ranges widen. Up days and down days are both large
The actual bottom was six weeks away, on 10 March

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.