Will the Japanese equity market bottom in July, 60 years after the major bottom in 1965?

 

      At the time, Yamaichi Securities, the dominant broker in Japan was teetering on bankruptcy [it would finally go bust 32 years later as a consequence of the Bubble Economy bursting] as customers frantically withdrew billions of yen from investment trusts earning 6% from the flailing underwriter for 80% of the phalanx of new companies lining up to be floated on the 2nd Section of the Tokyo Stock Exchange. This was inadvertently revealed by a rogue paper in May 1965 in defiance of the establishment's attempt to suppress the news. 

The Bank of Japan agreed, under duress from the Finance Minister Tanaka to supply 'unlimited' support after already promising  over ¥18 billion to the sinking broker. The market bottomed 2 months thereafter.