While Tokyo share prices have remained at a depressed level in recent weeks, the stock market could bottom out for the second time in a span of three months or so, a situation that is often followed by a strong rebound.

Having fallen to a year-to-date low of 11,433 on March 15, the 225-issue Nikkei average soon turned higher, but much of the uptrend has since run out of steam.

The key market gauge appears poised to hit another bottom later this month.