*August 6, 2024, 16:23 NHK On the 5th, the Tokyo Stock Exchange saw the Nikkei average fall to its largest ever. On the 6th, there was a sudden reversal in the trend, with a widespread buying back of stocks that had fallen in price, and the Nikkei Stock Average rose by more than 3,200 yen at the closing price, the largest increase in history. As the financial markets continue to experience rapid fluctuations in stock prices, the Ministry of Finance, the Financial Services Agency, and the Bank of Japan held an emergency meeting of senior officials at the Ministry of Finance from 3:00 p.m. on the 6th. The meeting was attended by Finance Ministry Vice-Minister Mimura, Financial Services Agency Commissioner Ito, and Bank of Japan Executive Director Kato. At the meeting, the leaders are expected to analyze volatile market movements and exchange opinions on future countermeasures. This will be the first meeting between the Ministry of Finance, the Financial Services Agency, and the Bank of Japan since March 27, 2024, when the meeting was held amid a rapid weakening of the yen and strengthening of the dollar in the foreign exchange market. The closing price rose by more than 3,200 yen, the largest increase ever. On the 6th, the Tokyo Stock Exchange saw an across-the-board rise immediately after the opening of trading, with the Nikkei Stock Average rising by more than 3,400 yen at one point in the morning, the largest increase during trading hours ever. The Nikkei Stock Average had fallen for three consecutive business days up to the 5th, dropping by more than 7,600 yen. In addition, the yen weakened against the dollar in the Tokyo foreign exchange market, leading to a widespread buying back movement, particularly of export-related stocks. The Nikkei Stock Average’s closing price on the 6th was 3,217.4 yen higher than the closing price on the 5th, at 34,675.46 yen, marking the largest increase in history, surpassing the closing price of 2,676.55 yen recorded in October 1990. Continue reading ↓ Nikkei average stock price suddenly rises by more than 3,200 yen to close, the largest increase ever. What is the background to the sudden drop in New York stock prices? | NHK | Stock prices and exchange rates.
(The nightmare Democratic Party administration) Stock price 8,000 yen ↓ (Kishida administration) Stock price 34,000 yen By process of elimination, it’s the LDP!!
Sorry for all the excitement But this is reality lol July 31st 39,101.82 August 1st 38,126.33 August 2nd 35,909.70 August 5th 31,458.42 (-4,451.28) August 6th 34,675.04 (-3,217.04) -4,426.78 I can’t make up for the drop I lost yesterday Whaaaaaaaaat? wwwwwwwwwwwwwwww.
Why are they using such provocative phrases like “the biggest increase in history”? I’m puzzled by the way they make it sound like yesterday never happened.
We don’t know what will happen in the short term, so it would be good if the NISA people could laugh about it in 20 years’ time. This song is dedicated to the NISA people.
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