The Nikkei fell another 10.55% on Tuesday for a cumulative loss of 17.53% since the close prior to the earthquake on March 11th. The first chart below shows the Nikkei 225 daily closes since 1985 with a callout for the 1995 Kobe earthquake (also known as the Great Hanshin earthquake).
The next chart shows the market behavior following the 1995 earthquake. The Nikkei fell 24.7% over about 5 1/2 months. It then rallied 52.2% over the next 10 months.
Doug Short Ph.d is the author of dshort.com.