The main focus for the earnings will be the capital spending plans, as it is at the root of whether these electronics makers can continue to reduce costs and come up with value-added products.

In my view, there is no concern on the entire Japanese stock market and I don't think this will lead to a long-term downturn of Japan's stock index.

It's very possible their forecasts could be revised upwards, seeing the GDP results of the final quarter last year and seeing the world economy is doing fairly well.

Consumer prices are increasing and that will give Fukui confidence to change policy. We are gradually reducing our bond holdings.

There is the need for risk diversification. If we are going to do it we would have to do it quickly.

Sony should concentrate on games, movies and music and software businesses rather than hardware businesses. I'm not quite sure about their concentrating on flat-panel TVs because this is a very competitive market.

Yields aren't high enough to entice investors. I see little reason to buy bonds as stocks are looking bullish and the economy is on a recovery track.

This year the risk for investors lies in holding bonds, not stocks.

We'll probably hold off buying Treasuries and other overseas bonds this month, and may resume our investment in April or after.

I'm speechless. What can you say when you can't trust a company's statements or the exchange's trading system.