Business | ON THE FRONT LINE Aug 1, 2002

Dollar selloff takes breather

by Katsuhiko Oda

The dollar, on the sell side for 3 1/2 months, sank to the 115 yen level a fortnight ago and hit parity with the euro. It then rebounded, after Federal Reserve Chairman Alan Greenspan issued a warning. Bleak global stock prospects have meanwhile made investors cautious ...

Business | ON THE FRONT LINE Jul 26, 2002

Bargains rife until rebound

by Zenshiro Mizuno

The Nikkei average on the Tokyo Stock Exchange will probably not move substantially below 10,000 for now. Indicators and earnings results point to a positive trend. I believe share prices will rebound, as major electronics makers start releasing their April-June earnings and forecasts for the ...

Business | ON THE FRONT LINE Jul 25, 2002

U.S. bubble hangover looks set to continue

by Akio Makabe

Recent U.S. economic data do not seem bad enough to push down share prices this much, but the fall seems unstoppable. One reason is that repeated corporate accounting scandals have hurt investor trust. People feel they can't rely on U.S. firms' earnings reports. During the information ...

Business | ON THE FRONT LINE Jul 24, 2002

U.S. export revival goal of dollar fall?

by Masaki Kose

U.S. manufacturers have for quite some time been demanding that the strong dollar be corrected, and now the greenback has begun gradually depreciating against other currencies. However, revelations that many firms may have been engaged in illicit accounting practices -- significantly WorldCom Inc. -- have ...

Business | ON THE FRONT LINE Jul 18, 2002

Nikkei weathering Dow drop

by Mitsuhiro Nakano

The U.S. stock market remains bearish. The Dow Jones industrial average temporarily fell to 8,244 on July 15, nearing the closing low of 8,235 and intraday low of 8,062 marked in September. But in the latest steep fall, two facts deserve attention. First, bond prices have not ...

Business | ON THE FRONT LINE Jul 17, 2002

Dollar southbound as U.S. bubble bursts

by Shinji Imanishi

The dollar will remain under strong selling pressure, as if in line with bearish U.S. stocks. Although macroeconomic indicators are still firm, the market tends to trade on stock prices. The U.S.-selling is prevailing mainly because investors' confidence in the stock exchange has fallen dramatically ...