The Nikkei average on the Tokyo Stock Exchange is showing signs of recovery.
Although the average temporarily fell to almost 10,000 amid troubles both at home and abroad, it has gradually rallied as businesses appear to be showing unexpected signs of steady recovery, which may primarily be due to hot money fleeing the U.S. and being used to buy up Japanese shares.
The key contributors to the rise, however, are public pension fund managers that have begun purchasing shares in earnest. They were totally inactive during the decline, but their buy orders that came after a long interval are believed to have lured many investors back.