Norimitsu Otsubo

For Norimitsu Otsubo's latest contributions to The Japan Times, see below:

Business | ON THE FRONT LINE May 1, 2002

Investors focus on earnings

Elated at the U.S. economic pickup, investors are opting for shares backed by favorable earnings prospects. Still, while the U.S. economy is undeniably improving, skeptics see a slow recovery. Judging from the recent U.S. corporate earnings reports for the January-March quarter, they fear profit falls have ...

Business | TAKING STOCK Mar 26, 2002

For Tokyo shares, the worst may be over

Tokyo share purchases are expected to increase on the back of an improved supply and demand balance and rapidly growing expectations of a recovery in Japan's economic fundamentals. The prospect is supported by technical trends, although there remain structural risks, including the bad-loan mess. Stock prices ...

Business | TAKING STOCK Feb 19, 2002

Luring individuals to stocks a key challenge

Individual investors turned net buyers of stocks for the first time in four months in January. They purchased 188.8 billion yen more than they sold on the Tokyo, Osaka and Nagoya stock exchanges in a turnaround from net sales of 25 billion yen in December. Their ...

Business | TAKING STOCK Dec 18, 2001

U.S. pickup set to revive Tokyo market

Although weak economic fundamentals have been factored into the Tokyo stock market to a large degree, trading currently remains directionless. This is primarily due to uncertainty over economic and corporate earnings prospects both at home and abroad, as well as the outlook regarding the nation's ...

Business | TAKING STOCK Nov 6, 2001

U.S. fundamentals key to Tokyo stocks

U.S. economic fundamentals, especially consumer spending, must be accurately assessed to forecast the trend of Tokyo stocks in November, because U.S. consumer sentiment is believed certain to weaken in light of the worsening employment situation and expanding anthrax scare. Keen attention will be paid to ...

Business | TAKING STOCK Sep 18, 2001

Jitters rife prior to Wall Street reopening

Last week's terrorist attacks in the United States sent stock markets reeling around the world. Tokyo stocks plummeted along a broad front Wednesday, taking the benchmark 225-issue Nikkei average below 10,000 for the first time since August 1984. While Tokyo stocks rebounded later in the week, ...

Business | TAKING STOCK Aug 14, 2001

Fed survey compounds fears

The U.S. Federal Reserve's latest survey of regional banks has offered fresh evidence of worsening business sentiment, clouding economic and earnings prospects. The beige book survey has revived fears of a delayed U.S. economic recovery. Futures on the U.S. federal funds rate indicate that the market ...

Business Jun 5, 2001

Liquidity fails to fuel growth

Money is more available than needed by economic activity. The Marshallian k. indicator, the ratio of cash in circulation and deposits plus certif- icates of deposit to the nominal gross domestic product, has been rising far above its trend line since 1980, indicating that money ...

Business May 1, 2001

Topix chart anticipating brighter future?

The Tokyo Stock Price Index of all issues listed on the first section of the Tokyo Stock Exchange finally closed above 1,341.82 points on April 26, bringing the closely watched chart to a point where investors are recommended to start buying shares. The performance of ...

Business Mar 27, 2001

Aggressive action could make Mori great

Japan has been dealing with its economic problems more aggressively than ever since the mid-February meeting in Sicily of finance ministers and central bankers from the Group of Seven industrial powers. During the meeting, Japan's G7 partners urged the Bank of Japan to ensure ample ...