Stock investors in Japan may be breathing a sigh of relief after the key Nikkei index regained the 13,000 line Thursday. But economists say it is still hard to see Japan's financial sector rebounding to a healthy state in the near future as heavy selling of Tokyo stocks earlier in the week largely dented their unrealized profits.
On Thursday, the 225-issue Nikkei stock average jumped 263.72 points, or 2.06 percent up from Wednesday, to 13,092.78 on speculation of a possible bailout of U.S. bond insurers that should restore confidence in the global financial system.
Eiji Kinouchi, a senior strategist at Daiwa Institute of Research, said many investors now feel stock prices have hit bottom.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.