The Nikkei 225 had shed more than half the gains it added in its previous rally, so it was a good time for investors to hunt for bargains.
More Quotes from Hiroichi Nishi:
Optimism is increasing that the land price report will confirm that Japan is out of deflation and that the economy is recovering.Hiroichi Nishi
The latest data showing that land prices in Tokyo rose for the first time in 15 years has renewed confidence about Japan getting out of a soft patch. There are structural changes to draw in more money.
Hiroichi Nishi
Being seen as reform-minded, Koizumi is drawing support among market players. But we don't know much about his concrete economic policy. This will keep the market from staging a runaway rally.
Hiroichi Nishi
Expectations of an end to interest raises by the Fed is a supporting factor for exporters.
Hiroichi Nishi
Just when everyone is wondering how long the military action would last and how it would affect the U. S. economy, we are facing the earnings season both in the U. S. and Japan. The wait-and-see mood is palpable.
Hiroichi Nishi
Large-cap, low-priced issues are under the spotlight now that long-term bond yields are falling. That made Tokyo Gas's annual yield of 1.3 percent and Tokyo Electric's 2.0 percent yield look relatively attractive,
Hiroichi Nishi
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