The data has given investors the impression that both wheels of Japanese business activity - consumption and the level of investment - are working in tandem. |
The GDP data was, indeed, stronger than the market consensus and that is generally good news for the market. |
The move is, thus, quite natural. |
The unemployment data confirmed the recovery of the Japanese economy. |
There's concern about overheating ... After touching the goal of 16,000, it's now easy for investors to cash in their winnings. |
This is a reverse from the recent trend of a stronger yen, which had been a concern. I think the stock market is feeling some relief. |