A look at the five charts that reflect the volatile August market in Japan, marked by sharp declines and rises.
August 30, 2024, 17:34 JST (excerpt).
The Japanese market in August experienced the most extreme movements in the past few decades. The stock market was hit by a historic crash, reaching the largest decline since the Black Monday in October 1987. The exchange rate of the yen in the Tokyo foreign exchange market reversed from a 38-year low against the dollar and temporarily rebounded to levels approaching the year-to-date high.
In the bond market, volatility surged as the Bank of Japan's strong commitment to the normalization of monetary policy became one of the triggers for market confusion. As the turbulent August market comes to an end and a new month begins, let's reflect on the dramatic events with these five charts.
The Japanese market in August experienced the most extreme movements in the past few decades. The stock market was hit by a historic crash, reaching the largest decline since the Black Monday in October 1987. The exchange rate of the yen in the Tokyo foreign exchange market reversed from a 38-year low against the dollar and temporarily rebounded to levels approaching the year-to-date high.
In the bond market, volatility surged as the Bank of Japan's strong commitment to the normalization of monetary policy became one of the triggers for market confusion. As the turbulent August market comes to an end and a new month begins, let's reflect on the dramatic events with these five charts.
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