Nikkei 225 · August 16, 1995
The summer the yen finally turned
+4.05%
single-day change vs previous close
Part of a longer stretch
The year the rescue bought
early in it · 1995-07-03 → 1996-06-26, +56.48% over the whole period
What happened that day?
- On 16 August 1995 the Nikkei 225 rose 4.05%
- The record-strong yen of that spring had begun to turn over the summer
- Central banks intervened together, and Japan loosened the rules that kept its own money at home
- A cheaper yen lifts exporters' profits immediately, and the index climbed hard from here
- This run carried to June the following year and became the largest bounce inside the lost decades
- It made clear that the yen had been the problem, since one exchange rate flipped the whole index
- The dip before it was only 4.52% from the peak
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.