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The story
On September 2, 2026, Japan’s Nikkei average tumbled for a third straight session in Tokyo trading, closing down 1,889.70 points (2.85%) at 64,325.64. Concerns over accelerating inflation and expanding fiscal spending have fueled expectations of higher interest rates worldwide, dragging down stock markets across Asia. As some observers began drawing comparisons to the 1987 Black Monday crash, reactions on 5ch split between “it’ll keep falling” and “we’ve already hit bottom,” with further disagreement over comparisons to South Korean stocks and whether households even have the spare cash to invest.
Japan’s Nikkei average dropped sharply for a third consecutive session in Tokyo trading on the 2nd, closing down 1,889.70 points (2.85%) from the previous day at 64,325.64. Concerns about accelerating inflation and fiscal expansion have strengthened expectations of higher interest rates worldwide, pushing Asian stock markets broadly lower. Some have begun to worry about a repeat of 1987’s “Black Monday,” when stocks crashed following a global rise in interest rates.
The Nikkei opened lower and extended its losses as the session went on, with the decline briefly widening to 1,999 points at one stage…(continues in the paid edition, 1,736 characters remaining)
The Nikkei (newspaper), September 2, 2026, 18:03
Source: nikkei.com / Original article here
What people said
That country's index is just unhinged…
That's what people call "the pot calling the kettle black" (lit. "fifty steps vs. a hundred steps")
It's a country where Samsung Electronics and SK Hynix alone make up half the KOSPI (´･ω･`)
Since when did every single citizen start trading futures and margin accounts?
There's no margin call, but if you think about the GPIF, it's basically like everyone's in the market anyway lol
Ever since PM Abe took over in 2012, the yen kept weakening, stocks kept rising, and the money just kept piling up
It climbed steadily all the way to 0523
Good times
Why not go all-in on a double-inverse fund with that money?
This time it ends with a BOJ rate hike 🥹
It'd be fine if people quietly stepped back one by one once the whispers start, but it's always the same story — everyone squeezes out every last drop and then tries to bolt all at once
That's what makes it so hard
What an era that must have been
No need to even bother with stocks then
But you can't quit now
Continuing to buy is exactly the opportunity
Grit your teeth and hold when prices are high.
Then buy big when they drop.
Maybe, if AI chip production just keeps ramping up forever
100,000 is one benchmark to watch
As long as capitalism keeps going, that's technically how it's supposed to work
Stocks dropping is just the usual seasonal thing
Though the war wasn't on the schedule
So there's a chance oil going up is actually more profitable than the index going down
But he called it right in the end
Rest in peace
Wait, what?
We're still nowhere near 3,000 yen
Funny how it's more than 20 times his prediction
Well, can't be helped since we got a new PM after Ishiba
Would be hilarious if it collapsed
With literally everyone and their dog jumping on AI right now, it's hard to imagine it actually collapsing
It's not the AI bubble that collapses — AI destroys the old economy instead
That whole mindset is off to begin with
It's no different from telling someone with no seed money to go play pachinko
Looking at savings trends in Japan, the median household (the one sitting exactly at the 50th percentile) has savings of 1 million yen for single-person households and 2.8 million yen for households of two or more
As you can see, there's no way most people even have the seed money to start with
I mean, households with around 30 million yen in assets are pretty common, but that includes things like home equity and insurance value — there's no spare cash sitting around to dump into stocks
That's exactly why only 16% of the population even does NISA — or rather, why they can't
Cut out convenience stores, pachinko, cigarettes, and carrier smartphone plans and you'd be totally fine
If a full-blown Monday crash hits, they won't be able to raise rates at all anymore
Guess they're aiming for 5% with rate hikes
Bankruptcies are at a record high
And they're still hiking rates, so I guess they figure they can
Background and Key Points of the Discussion
The Nikkei’s sharp drop comes against a backdrop of global inflationary pressure and mounting expectations that interest rates will keep climbing worldwide. As the cited article notes, 1987’s Black Monday is remembered as a moment when stocks crashed shortly after a global rise in interest rates, and some are drawing parallels to the current slide. Opinions in the thread split over whether the market will keep falling or has already bottomed out, with bulls betting on the Nikkei reaching 100,000 clashing against those expecting a prolonged slump in the 70,000 range. Some also compared a potential unwinding of the yen carry trade to the 1998 Russian crisis and the 2008 Lehman shock. There was also debate over whether ordinary households can even afford to invest in stocks, with some citing NISA usage rates and household savings figures as evidence of limited investment capacity — though it’s worth noting these figures were cited by thread participants themselves, and their sources and reference dates could not be confirmed within the article.
※This article is compiled from excerpts and a summary of the 5ch (Breaking News+) thread “[Stocks] Nikkei Closes Down 1,889 Yen as Global Rate Hikes Spark Talk the “Party Is Over”.”
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