Historical Year Data · 2003

Adjusted NFCI in 2003

Adjusted NFCI opened 2003 at -0.48 and closed at -0.67, a -39.05% move for the year. The high of -0.48 was reached on January 3, and the low of -0.83 on May 9.

Open

-0.48

2003-01

-0.67

52 data points

High

-0.48

Jan 3

Low

-0.83

May 9

Full Year Change

-39.05%

2002 Change

-4.69%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	-0.48	-0.55	-0.48	-0.55	-13.02%
Feb	-0.55	-0.57	-0.55	-0.57	-3.80%
Mar	-0.59	-0.66	-0.59	-0.66	-12.59%
Apr	-0.70	-0.81	-0.70	-0.81	-15.29%
May	-0.82	-0.79	-0.79	-0.83	+4.25%
Jun	-0.77	-0.75	-0.75	-0.77	+3.10%
Jul	-0.75	-0.75	-0.75	-0.75	-0.67%
Aug	-0.75	-0.71	-0.71	-0.75	+5.21%
Sep	-0.70	-0.71	-0.70	-0.71	-0.85%
Oct	-0.71	-0.73	-0.71	-0.73	-1.82%
Nov	-0.73	-0.70	-0.70	-0.73	+3.58%
Dec	-0.69	-0.67	-0.67	-0.69	+2.18%

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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