With signs of an economic recovery nowhere in sight, the Tokyo stock market has been a roller coaster ride in recent weeks.

The market is looking for clues on whether the disposal of bad loans held by banks and the nation's structural reforms will make meaningful progress anytime soon.

After having fallen to just above the 10,000 level on Nov. 13, the 225-issue Nikkei average bounced back last week, but skepticism abounds.