Watanabe, Toshiaki; Uchiyama, Hirokuni - East Asian Bureau of Economic Research (EABER) - 2005
and January 1992, are almost the same as, or just after, the time of commencement of the Nikkei 225 futures transactions …. Nikkei 225 futures transactions were blamed for lowering stock prices in Japan, thereby increasing stock price volatility … effect of Nikkei 225 futures transactions on stock price fluctuations and business fluctuations in Japan. More concretely, an …