Tokyo-Japanese stocks staged one of the most jawdropping comebacks any major market has seen in recent years-a 27% surge in the space of a month. A sudden government curb on short-selling ignited the rally, and investors of all kinds, especially foreigners, joined the buying frenzy. A two-day decline last Tuesday and Wednesday-down 2.6% and 1.7%, respectively-damped some of the enthusiasm, but traders said the fall amounted to a correction in the course of the market's further advance. Nevertheless, many foreign investors fear this rally will end like the incipient booms of the 1990s, which all fizzled because of Japan's unwillingness to address its core economic woes. "A rise in the market is an excuse to postpone problems. It's always been like that," says Andrew Garth-waite, global strategist at Credit Suisse First Boston in London.
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机译：东京-日本股市出现了近年来任何主要市场上最令人jaw目结舌的卷土重来之一-在一个月的时间内上涨了27％。政府突然禁止卖空，引发了反弹，各种投资者，尤其是外国投资者，都加入了购买狂潮。上周二和周三分别下跌了两天，分别下跌了2.6％和1.7％，这削弱了部分市场的热情，但贸易商称，下跌意味着市场进一步上涨。然而，许多外国投资者担心，这种反弹将像1990年代初期的繁荣一样结束，由于日本不愿解决其核心经济困境，这些繁荣全部失败了。伦敦瑞士信贷第一波士顿（Credit Suisse First Boston）全球策略师安德鲁·加思·怀特（Andrew Garth-waite）表示：“市场上涨是推迟出现问题的借口。这种情况一直如此。”
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