
To say that the action in Japan's stock market this year has been a wild ride would be an understatement.
The Nikkei 225, Japan's benchmark index, was up close to 27% for the year at its high in July … and then August happened. Stock prices collapsed on August 5, dropping 12% on the day – the largest single-session drop since Black Monday – and bringing the total decline from the July top to 27%.