Japan: Economic measures and stock prices

I was reminded of this, so I will publish part of the old report " December 08, 2008 Japan: Economic Measures and Stock Prices.

In Japan, after the economic bubble burst in the 1990s, nine major economic measures were implemented, but the three key ones are the following.

From the left: formulation date, measure name, scale of the project.

August 1992 　 Comprehensive Economic Measures　　10.7 trillion yen
September 1995 　 Economic Measures　　　　　　14.2 trillion yen
November 1998　 Emergency Economic Measures　　23.9 trillion yen

Of course, these were implemented when the economy was slowing and stock prices were weakening, but in fact, after each of these three measures, stock prices rose.

From August 18, 1992 to September 13, 1993, the Nikkei Stock Average rose by about 48%.
From October 27, 1995 to June 26, 1996, it rose by about 30%.
From January 5, 1999 to April 12, 2000, it rose by about 57%.

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In the past, large-scale economic measures were a (Japanese stock) buy.

However, in the past, economic measures were issued when stock prices had fallen sharply, and stock prices seemed to recover afterward.