Studying Japan's Dark Decade to See How U.S. Might Fare

Oct. 11, 2008

The sky over Tokyo seemed to fall in September of 1990, when the Nikkei stock index dove almost 20 percent in one month. Real estate prices would plummet and the financial sector would crack, trapping Japan in a "lost decade" of economic growth. Is the United States now set for its own?

U.S. markets plunge Thursday

NEW YORK, Nov. 20 (UPI) -- A midday rally on Wall Street collapsed Thursday as U.S. jobless claims rose and lawmakers scrambled to assemble a plan to help Detroit automakers.

Nikkei closes up 6.27 percent

TOKYO, Nov. 4 (UPI) -- Japan's Nikkei index, spurred by a weaker yen and a calmer Wall Street, closed sharply higher Tuesday while other Asian-Pacific markets were mixed.

Nikkei down 5 percent despite rate cut

TOKYO, Oct. 31 (UPI) -- Japan's Nikkei index closed sharply lower Friday despite the central bank's interest rate cut, while other Asian-Pacific markets closed mixed.

Nikkei closes up, others mixed

TOKYO, Oct. 17 (UPI) -- Japan's Nikkei index closed on the plus side Friday but other major Asian-Pacific markets didn't follow suit because of global economic concerns.

Nikkei closes higher

TOKYO, Oct. 15 (UPI) -- Japan's 225-stock Nikkei index erased early losses and closed higher Wednesday but other major Asian-Pacific markets ended lower on fears of recession.

U.S. indexes post gains Tuesday

WASHINGTON, July 8 (UPI) -- U.S. stock indexes posted strong gains Tuesday as oil prices continued to recede from the record high set Friday.

U.S. markets close lower Friday

NEW YORK, June 20 (UPI) -- Rising oil prices and continued credit worries pushed U.S. stock indexes lower Friday.

U.S. markets rebound Thursday

NEW YORK, June 19 (UPI) -- U.S. stock indexes rebounded Thursday after China announced it would raise gasoline prices and crude oil prices responded with a $3.64 per barrel drop.

U.S. markets close mixed Monday

NEW YORK, June 9 (UPI) -- U.S. stock indexes were mixed Monday after Lehman Brothers said it intends to raise $6 billion after a second-quarter net loss estimated at $2.8 billion.

See-saw day on U.S. markets ends upbeat

NEW YORK, May 28 (UPI) -- U.S. stock indexes rode up and down Wednesday before closing higher in New York.

U.S. markets mixed Tuesday afternoon

NEW YORK, May 27 (UPI) -- U.S. stock indexes gained Tuesday as crude oil prices dropped more than $4 per barrel, easing inflation worries.

U.S. market gains hold Wednesday

NEW YORK, May 14 (UPI) -- U.S. stock indexes held onto gains Wednesday as crude oil prices eased slightly and the government reported inflation rose marginally in April.

U.S. markets mixed at close Tuesday

NEW YORK, May 13 (UPI) -- U.S. stock indexes were mixed at the close Tuesday, after the U.S. Bureau of Labor Statistics said import prices gained faster in April than export prices.

U.S. markets post strong gains Monday

NEW YORK, May 12 (UPI) -- U.S. stock indexes climbed to the close Monday as oil prices retreated on a day with no major economic reports released.

U.S. markets stumble in 19th week

NEW YORK, May 9 (UPI) -- U.S. stock indexes chugged close to the break-even point for the year through 18 weeks, then stalled, the Dow index falling 2.4 percent through the 19th week.