But the market is leaning more and more toward the idea that Murata's figures are probably a little too conservative.

That has definitely had an impact on the market. It relieved some concern -- that was the one thing everyone had been most worried about.

The market has run up too far, too fast. But it's been showing resilience (to profit-taking). Selling has been mounting up on recent gainers such as banks and steels, but they seem to be holding up fairly well,

The market has run up too far, too fast. But it's been showing resilience (to profit-taking). Selling has been mounting up on recent gainers such as banks and steels, but they seem to be holding up fairly well.

Domestic-demand related stocks will lead the market on speculation consumer prices may finally gain.

The merger will have a big impact on retailers. This will likely trigger consolidation within the industry, helping to drive profitability at retailers higher.