Hiroshi Sato

For Hiroshi Sato's latest contributions to The Japan Times, see below:

Business | ON THE FRONT LINE Aug 2, 2002

Individual players set to rule market

Tokyo stocks in July felt the brunt of the shock waves that hit the New York market and the Nikkei average fell below 10,000, a level long considered solid. Issues especially hard-hit were internationally popular firms Toyota Motor Corp. and Hitachi Ltd. as they were ...

Business | ON THE FRONT LINE Jul 5, 2002

July may be hot for stock if U.S. avoids shock

In June, Japan's stock market suffered direct hits from the three concerns that were depressing stock prices in the United States -- dismal corporate earnings, shady corporate accounting and the specter of terrorism. As a result, Japanese stock prices, which until that time had been ...

Business | ON THE FRONT LINE Jun 7, 2002

Market likely to struggle for some time

The Tokyo stock market opened the month moderately higher Monday, but the rally soon fizzled, dashing hopes that the Nikkei average would soon hit 12,000. Initially, the market reacted calmly to the May 31 lowering of Japan's sovereign debt rating by Moody's Investors Services Inc. ...

Business | ON THE FRONT LINE May 10, 2002

Twice shy investors still capable of rally

Share prices soared along a broad front Thursday on the Tokyo Stock Exchange, taking market participants by surprise. The trigger for the surge was the spectacular rally on Wall Street overnight. The New York rally was so swift that investors jumped on the buying bandwagon. Still, it ...

Business | ON THE FRONT LINE Apr 10, 2002

Investor focus shifts to corporate prospects

The Tokyo stock market is shifting attention to corporate earnings projections to be made public shortly. The recent government report on industrial output for February and the Bank of Japan's quarterly "tankan" business sentiment survey were real letdowns. They offered little evidence of solid economic recovery, ...

Business Mar 9, 2002

Can stock market continue its rebound?

Tokyo stocks have rebounded strongly in recent days, reflecting an increase in optimism among investors. Heartened by the bullish activity, investors have flocked to the market to seek out buying opportunities. The catalyst for the rally was tightened controls on short selling. To keep stocks from ...

Business | ON THE FRONT LINE Feb 6, 2002

TSE passing through crucial stage

Investor confidence has plunged to the lowest level in decades amid concerns over bleak economic prospects. With the downtrend in share prices continuing unabated, the Tokyo Stock Exchange's key market gauges hit post-bubble lows Tuesday. The 225-issue Nikkei average ended at 9,475.6, a level unseen since ...

Business | ON THE FRONT LINE Jan 9, 2002

Positive TSE start masks long-term gloom

The Tokyo stock market has rung in 2002 on a positive note, stirring hope over the prospects of high-priced activity in the months ahead. Although fears over the nation's economic prospects remain intact, the market is starting to count on an anticipated upturn in gross ...