1989day.year
The Nikkei 225 for the Tokyo Stock Exchange hits its all-time intra-day high of 38,957.44 and closing high at 38,915.87, serving as the apex of the Japanese asset price bubble.
The Nikkei 225 index peaks at its all-time high, symbolizing the climax of Japan's late-1980s asset price bubble.
On December 29, 1989, the Nikkei 225 index reached an intra-day high of 38,957.44 and closed at 38,915.87.
This record marked the zenith of Japan's rapid economic expansion and speculative real estate and stock market bubble.
The bubble was fueled by easy credit, aggressive lending, and soaring asset values.
In the following years, the burst of this bubble led to a prolonged period of economic stagnation known as the Lost Decade.
The 1989 peak remains the highest level ever recorded on the Tokyo Stock Exchange.
It stands as a cautionary example of unchecked market exuberance.
Nikkei 225
Tokyo Stock Exchange
Japanese asset price bubble