The Tokyo stock market appears poised to stage a rebound after confirming a double bottom.
Currently, low- and midpriced issues dependent on domestic demand are attracting selective buying interest, while high-technology stocks, especially information-tech issues, remain in a correction.
Advances in management reforms are affecting the supply and demand situation on the market. Now that firms must include affiliates under "effective control," regardless of equity stakes, in their consolidated earnings reports, wholesale management reforms have become unavoidable even for firms not keen to restructure.