Everyone's bonuses were a little bit better this year, and they've seen the value of their assets increase, so if you go to an electronics store now there are a lot more people.
The rise in the afternoon was due to domestic investors ... they haven't been buying lately and they took their cue from foreign investors.
The U.S. economy is trotting away from its soft patch, while Japan has begun to move away from its own. These movements show that fundamentals are strong.
The fact that there is internal conflict (at Sony) is hardly good for investors' trust.
Since the U.S. election ended with the expected Bush victory, the market's focus has moved to U.S. corporate earnings and monetary policy there.
Local market sentiment was also buoyed by overseas investors, who had placed large net buy orders ahead of the market opening today. This helped prompt retail investors here to step up purchases.
The fact that Mori is selling the property for two to three times more than the prices of other properties in the area is really something and it seems to have captured everyone's attention.
Cyclical shares are likely to gain on the data and the market has started to buy those that are particularly undervalued.
Investors aren't waiting for anything specific, but they do expect leaders to talk more about breaking down barriers. Also, the word IT will be in headlines for a while and that's a supporting factor in itself.
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