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 will be propped up by three key factors this time -- increased expectations of U.S. economic recovery, the bottoming-out of economic activity and corporate earnings in Japan, and an improved supply-demand situation and a turnaround in medium-term trends.