As long as Prime Minister Mori insists on staying, a gloomy mood will linger.
The market may feel more positively on the data from next week and onwards.
The Nasdaq gains gave a gentle nudge higher to a market that was ready for a rebound after last week's losing spell.
The timing of New York's rebound looks just right.
What we have been seeing today and yesterday is a rather normal correction after the nearly vertical rise in high-tech shares in recent sessions. Investors will be taking refuge in other sectors until high-tech stocks find a floor.
If the successor is somebody else (besides Koizumi), that would be little help for stocks.
When IT (information technology) issues and other large-cap issues are down, the Nikkei cannot help but suffer.
A positive outlook on the economy is boosting cyclical stocks today, and sectors like real estate are being bought.
The selling will likely ease this month, but strong buying won't return for a while longer -- as long as U.S. markets are down.
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