@article{oai:stars.repo.nii.ac.jp:00009107,
 author = {望月, 和彦 and MOCHIZUKI, Kazuhiko},
 issue = {2},
 journal = {桃山学院大学経済経営論集, ST.ANDREW'S UNIVERSITY ECONOMIC AND BUSINESS REVIEW},
 month = {Oct},
 note = {In his famous book about the economic history of Taisho and Showa era,
Kamekichi Takahashi claimed that the panic of bubble bursting (Daihando)
calmed after the bankrupty of Nanajushi Bank. In this paper we check this
claim by reviewing the articles of newspapers and journals.
Prices of stock, rice, cotton yarn remained sluggish in early June and
tended to fall further more. Some stockbrokers claimed to close the
stockmarket in order to stop furhter fall of the stock price. If the
stockmarket were closed, the panic would be more serious and strike an
unrecoverable blow to the whole economy of Japan.
But managers of stockmarket refused to close the market. On 16 June, a
lot of selling orders of stocks came in the market but there were buying
orders at the same time so that the stock price fell a bit in average in the
morning session. This is because sellers who were afraid of the market
closure, made orders of buying stocks as to make sure of their selling
profits. This was the turning point of the panic of Taisho bubble.
In the afternoon session of the same day, stock prices went up. In stock,
rice and cotton yarn market, they hit the bottom line. The panic of June
was not revealed because the stock market continued to be opened, but
there was a latent crisis.
The markets overcame the panic and a temporal recover phase came
in. The market chaos after the burst of Taisho bubble calmed down in
June.},
 pages = {19--62},
 title = {政府の救済策と市場動揺の収束（Ⅱ）},
 volume = {61},
 year = {2019},
 yomi = {モチヅキ, カズヒコ}
}