Introduction
On August 5, 2024, the Japanese stock market experienced a significant crash, with the Nikkei 225 index plummeting by 12.4%, marking its worst single-day drop since the 1987 Black Monday crash. This event has sent shockwaves through global financial markets and raised concerns about broader economic implications for Japan and the global economy.
Causes of the Crash
Yen Carry Trade Unwinding:
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