Black Monday in New York, Blue Tuesday in Tokyo: The October 1987 Crash in Japan

@article{Schaede1991BlackMI,
  title={Black Monday in New York, Blue Tuesday in Tokyo: The October 1987 Crash in Japan},
  author={Ulrike Schaede},
  journal={California Management Review},
  year={1991},
  volume={33},
  pages={39 - 57}
}
This article summarizes the events around the October 19, 1987, Japanese stock market decline. Although Tokyo suffered a "crash," it did not experience the same "panic" as New York, primarily because Tokyo had a more consistent institutional and regulatory structure and could rely on more patient investors. Tokyo can, with certain limitations, be taken as an example of how the "Brady Report" proposals would work in practice. Since Tokyo suffered a crash, if the Brady proposals are designed to… Expand
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References

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