Last Thursday Japanese shares finally pushed through their previous peak, reached more than 34 years ago. The Nikkei 225 share index closed at 39,098.68, against 38,915.87 reached on December 29, 1989. Japanese investors also helped underpin US equities after the share crash on Black Monday in October 1987. The Ministry of Finance tried to slow any decline in Japan by getting institutional investors to buy shares. Not only did the Japanese market have furthest to fall, the decline went on for longer than anywhere else.

Source: Daily Mail February 24, 2024 23:48 UTC