The Tokyo stock market appears to have hit a recent bottom on Nov. 22 when the key 225-issue Nikkei average dropped to 14,301.31, its lowest closing reading since March 4, 1999.
Investors, therefore, should selectively buy shares of companies with footholds in new growth-oriented markets, such as compound semiconductors and microturbines, as long as they are making an effort to restructure their operations.
Leading companies in communications infrastructure and other growth fields are also recommended targets for bargain hunting.