Historical Year Data · 2003

M2 Velocity in 2003

M2 Velocity opened 2003 at 1.91 and closed at 1.94, a +1.36% move for the year. The high of 1.94 was reached on October 1, and the low of 1.9 on April 1.

Open

1.91

2003-01

1.94

4 data points

High

1.94

Oct 1

Low

1.9

Apr 1

Full Year Change

+1.36%

2002 Change

-2.14%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1.91	1.91	1.91	1.91	+0.00%
Apr	1.9	1.9	1.9	1.9	+0.00%
Jul	1.9	1.9	1.9	1.9	+0.00%
Oct	1.94	1.94	1.94	1.94	+0.00%

Events During 2003

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

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