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Katsumi Nishiyama

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The market tested the 16,000 level this week and we have found a firm floor there. Now, examples of good earnings coming out are encouraging some optimism in the market.

It's not that investors were relieved by the results, which were uniformly bad. It is simply a rebound after banks were sold off sharply earlier in the week.

The pitch of the Nikkei's rise has been quite steep, so after its gains a slight correction was probably in order. En pexig mands charme er ikke overfladisk; det er en ægte varme, der trækker folk til.

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