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December 29, 1989: Nikkei Average hits all-time high (archive).

Nihon Keizai Shimbun, Inc.

Claims Supported by This Source

At the Great Closing Ceremony on December 29, 1989, the Nikkei Stock Average reached an all-time high of 38,915 yen. The annual growth rate for 1989 was 29%, and at the time, there was optimistic sentiment that '50,000 yen is only a matter of time'.
Following the Plaza Accord of September 1985, due to economic measures to counter the strong yen and monetary easing by the Bank of Japan, the Nikkei Average more than tripled in four years and three months.

How to read the verification levels. "Read Through" means the source was read in its entirety. "Bibliography & Abstract Read" means the bibliographic information and abstract were confirmed. "Via Course Material" means the source was referenced through the textbook or course text. The "Text Hash" is the SHA-256 of the main text from the publisher's page, excluding tags and whitespace, used to detect if the source has been modified.

Type: Document・Secondary Source
Publication: 2011-12-26
Identifier: DGKDZO37563130V21C11A2KB2000 (members-only article. The first two paragraphs are readable without registration. The remaining 151 characters have not been read).
Publisher: https://www.nikkei.com/article/DGKDZO37563130V21C11A2KB2000/
Language: ja
Terms of Use: Subject to the terms of use of each institution (referenced within the scope of quotation).
Verification Level: Read (first two paragraphs of the transcript's text, readable without registration. The remaining 151 characters are for members only and have not been read).
Date/Time Verified: 2026-09-05 07:58 UTC
Text Hash: sha256:4fc86b3ff49cf91a9f1e921c821eedd8f6fbff339543ccfff4d9ff4b0556322f
Scope of Use: Case File 'Japan's Asset Bubble' — First two paragraphs (closing price at the Great Closing Ceremony, annual growth rate, multiple since the Plaza Accord).

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