The newspaper reports have somewhat relieved nagging market concerns over political instability, which could result if the LDP suffers a loss in the election.
I haven't seen any recovery in fundamentals in Japan. We are just back at square one.
Investors who were fearful of a further downturn in Tokyo stocks a while ago are now jumping onto the buying bandwagon.
This is a classic case of bad timing. If it hadn't been for the downgrade, those (Japanese) semiconductor shares should have performed strongly today.