Movements have been small as the market plays wait-and-see with U.S. stocks.
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.
The key is whether the market is able to shift its eyes from uncertainty in the politics and the banking system.
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.
The market's keen to see U.S. labor costs and economic growth figures for signs of a possible interest rate hike.
I expect a dull market here, especially given uncertainty in the Iraq war.
The stock had been gaining in the days leading up to the business plan, but it still doesn't warrant a buy.
People are hesitant to trade high-tech issues and are waiting for their earnings results.
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.
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