Mitsuhiro Nakano

For Mitsuhiro Nakano's latest contributions to The Japan Times, see below:

Business | ON THE FRONT LINE Jul 18, 2002

Nikkei weathering Dow drop

The U.S. stock market remains bearish. The Dow Jones industrial average temporarily fell to 8,244 on July 15, nearing the closing low of 8,235 and intraday low of 8,062 marked in September. But in the latest steep fall, two facts deserve attention. First, bond prices have not ...

Business | ON THE FRONT LINE Jun 20, 2002

Tokyo stock prospects peachy

Favorable corporate earnings and economic prospects have not yet been factored into share prices, and price moves on the chart show that the Tokyo stock market has overcorrected itself. On Monday, the 225-issue Nikkei average slipped below the 11,000 level, or 8.3 percent below its ...

Business | ON THE FRONT LINE May 23, 2002

Stocks climb, appear poised to top 12,000

Tokyo stocks are out of the doldrums and now appear poised to lift the Nikkei average back above 12,000, a level unseen for years. In a rare development for recent years, the closing volume of trading on the Tokyo Stock Exchange's first section topped 1 ...

Business | ON THE FRONT LINE Apr 19, 2002

Market cautiously optimistic on earnings

The benchmark 225-issue Nikkei average has been languishing at around 11,000 since the beginning of the fiscal year, reflecting a lack of clear direction. The Tokyo stock market is locked in a crosscurrent between expectations of a growing flow of money from pension funds and ...

Business | ON THE FRONT LINE Mar 21, 2002

U.S. rebound ends spiral in Tokyo stocks

Tokyo stocks are in vogue again after being hammered for months. With the uptrend in share prices gaining speed, the key Nikkei average has reclaimed the 11,000 level after slumping to 9,420.85 on Feb. 6. The average of 225 leading shares closed at 11,919.30 on March ...

Business | ON THE FRONT LINE Feb 20, 2002

Nikkei signals spring rebound not in cards

The Nikkei average, which hit an all-time high of 38,915.87 on the final trading day of 1989, has been languishing at around 10,000 in recent months. The 225-issue average fell to 9,475.60 on Feb. 5, slipping below the Sept. 17 mark of 9,504.41, which had ...

Business | ON THE FRONT LINE Jan 17, 2002

Electronics firms' strategies spark new hope

Investors have taken heart from the recent raft of reports on industrial realignments and new business undertakings by high-technology companies. The Tokyo Stock Exchange has reacted positively to a news report that Sony Corp. is negotiating with Fujitsu Ltd. to acquire Internet service provider Nifty ...

Business Dec 7, 2001

Lack of urgency widens stock market schism

New York share prices shot up Wednesday, surprising players on the Tokyo market. The strong New York rally came at a time when Japanese investors were preoccupied with worries about negative economic and corporate earnings prospects at home. On the New York Stock Exchange, the ...

Business | ON THE FRONT LINE Nov 7, 2001

Investors play it safe in perplexing market

The recent developments on the Tokyo stock market have been perplexing. After plunging to rock-bottom levels on Sept. 21, the market's key gauges have rebounded strongly, helping recent bad economic and corporate news to go largely unheeded. A strong rally in New York, particularly in high-tech ...

Business Oct 5, 2001

For NYSE, worse may be still to come

Although calm has returned to the New York Stock Exchange, further volatility appears inevitable in the near term amid uncertainty about the scope of U.S. military action against terrorism. It also remains to be seen what impact the anticipated retaliation will have on the U.S. ...