Masaaki Higashida

For Masaaki Higashida's latest contributions to The Japan Times, see below:

Business | ON THE FRONT LINE Aug 22, 2001

Stock market woes a prelude to hard times

The Tokyo stock market has taken a severe beating in recent days. With the downtrend continuing unabated, the 225-issue Nikkei average is now threatening to fall below the 11,000 level. One theory holds that stock markets foreshadow cyclical changes awaiting the economy and corporate earnings. If the ...

Business | ON THE FRONT LINE Jun 27, 2001

Foreign investors doubting 'Koizumi effect?'

The catalyst for this month's fall in Tokyo share prices was selloffs by foreign investors, notably U.S.-based players. Although the structural reform program advocated by Prime Minister Junichiro Koizumi has garnered high public approval, it remains anybody's guess whether a strong pickup in foreign buying ...

Business May 30, 2001

Fate of Nikkei tied to Koizumi's policies

Although the stock market has reacted positively to the inauguration of the reformist Cabinet of Prime Minister Junichiro Koizumi, doubts linger. In order for the Tokyo stock market to stage a strong and lasting rebound, investors must be convinced of Koizumi's political clout. Uncertainty about his ...

Business | ON THE FRONT LINE Apr 27, 2001

New York upturn positive news for Japan

The recent upturn in New York share prices could presage a more stable market in Japan, too. The Tokyo stock market has also taken comfort from the Bank of Japan's unexpectedly bold move to bring the overnight interest rate effectively back to zero. The benchmark 225-issue ...

Business Mar 30, 2001

Investors in the dark; Tokyo rally elusive

Although global stock markets have restored a degree of stability, skepticism abounds over what is in store for the months ahead. On Wall Street, worries remain over company profits and the U.S. Federal Reserve's stated aim to engineer a soft landing. Earnings reports for ...

Business Mar 1, 2001

U.S. likely to further ease interest rates

New York share prices remain in a corrective phase, but the downturn could soon run its course. The recent volatility reflects investor concern over corporate earnings and economic prospects and falling investor confidence mirrors skepticism about further interest rate cuts. New York share prices took a ...

Business Jan 31, 2001

Investors' confidence up as stocks stabilize

Following the lead of the New York Stock Exchange, the Tokyo stock market has regained some stability, which has helped to improve investor sentiment. Tokyo stock prices appear to be poised to recoup much of their recent losses and test still higher ground in the ...

Business Dec 22, 2000

World's stock markets battling pessimism

Pessimism abounds in stock markets worldwide. New York share prices have taken a beating amid concern over corporate earnings and economic prospects. The tumble in New York quickly spilled over to Tokyo, sending key market gauges to their year-to-date lows. Given the eroded investor confidence, ...

Business Sep 27, 2000

Stock market volatility, selloff worries lifting

With selling pressure easing, the Tokyo stock market could open October on a positive note at the start of the fiscal second half. Key downside factors for the market in recent weeks were the volatility of the New York stock market and Japanese companies' selloffs ...

Business Aug 30, 2000

Beware effect of rising demand on stocks

Now that selloffs by foreign investors that have buffeted the Tokyo stock market for months have finally eased, market participants are showing more gumption. Although occasional volatility may be inevitable along the way, given the improved market sentiment, high-priced activity appears to be in the ...