You should really adjust for dividends, in which case it is still down, but only -7.5%. [1] [1] https://dqydj.com/nikkei-return-calculator-dividend-reinvestmen

You should really adjust for dividends, in which case it is still down, but only -7.5%. [1] [1] https://dqydj.com/nikkei-return-calculator-dividend-reinvestment/ https://dqydj.com/nikkei-return-calculator-dividend-reinvest... (I did Dec 1989 - Jan 2020. They don't have data latter than that)