The Tokyo stock market rang in the new fiscal year on a positive note Monday, ignoring worries about the underlying economic reality.
An increasing number of market participants are turning bullish, reacting positively to the recent government package of measures to fight deflation.
Indeed, with worries about a March financial crisis out of the way, investors are counting on high-priced activity in the offing. But it is too optimistic to expect the market to keep rising.
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