Historical Year Data · 1987

Japan Credit-to-GDP Gap in 1987

Japan Credit-to-GDP Gap opened 1987 at 9.6 and closed at 18.2, a +89.58% move for the year. The high of 18.2 was reached on December 31, and the low of 9.6 on March 31.

Open

9.6

1987-01

18.2

4 data points

High

18.2

Dec 31

Low

9.6

Mar 31

Full Year Change

+89.58%

1986 Change

+54.39%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	9.6	9.6	9.6	9.6	+0.00%
Jun	14.3	14.3	14.3	14.3	+0.00%
Sep	16.6	16.6	16.6	16.6	+0.00%
Dec	18.2	18.2	18.2	18.2	+0.00%

Events During 1987

1982 Latin American Debt Crisis

Deflation

August 1982 – 1989

Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.

1985 Plaza Accord

Reflation

September 22, 1985

G5 finance ministers agreed at the Plaza Hotel in New York to coordinate intervention that weakened the dollar. The accord engineered a 50% decline in DXY over two years and set the stage for the 1987 crash and Japan's bubble.

1987 Black Monday

Mixed

October 19, 1987

The Dow Jones Industrial Average fell 22.6% on October 19, 1987, the largest single-day percentage decline in history. Portfolio insurance and program trading amplified the crash.

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