Isaho Nakasho Market Quotations

Japan is still at a very nascent stage of recovery from the long market slump and that recovery will continue into 2006. A market gain in Japan may also have some positive ripple effects on neighboring Asian markets.

For Taiwanese companies it is important to continue to invest in China to reduce costs and gain market share there. Taiwan's China policy is not good for them.

Given the prospect of an end to the U.S. interest-rate increases next year, stocks globally will be in favor. Some of the export-driven Asian markets such as Korea and Singapore will be the biggest beneficiaries.