The Coin World Network reported on April 3rd that Sumitomo Mitsui Management Strategist Masahiro Ichikawa stated that Tokyo stock market indicators show that investor sentiment remains cautious, although extremely cautious sentiment has begun to ease since late March. Ichikawa pointed out that, for example, compared to when the Middle East conflict first broke out, more industries' stock prices have risen in late March. He believes, "Unless the conflict escalates significantly—for example, if the U.S. launches ground operations or energy infrastructure suffers a larger-scale attack—the bottom of the Nikkei Average is expected to gradually stabilize."