The Tokyo market has risen too far too fast, so it's reasonable to take a breather. A set-back in overseas markets gave a cue for the selling. |
The trend is toward a stronger yen for a while. That direction strengthens concerns over exporters' earnings prospects. |
The trend is towards a stronger yen for a while. That direction strengthens concerns over exporters' earnings prospects. |
Watching big-name high-techs revise down multiple times is very discouraging, |
Watching big-name high-techs revise down multiple times is very discouraging. |
We are possibly facing one of the worst periods, with profit warnings likely to come out some more, and banks and corporations are stepping up unloading of cross-held shares into September, |
We have been witnessing how the currency move is boosting exporters' profits. Buying momentum is quite strong, stimulated by robust earnings. |
We're seeing massive buying in bank stocks on the back of economic optimism. What we need to see is this sort of targeted buying of lenders spreading to other industries. With that we will have further sustainable gains. |
We're seeing some investors testing the tech waters, but the urge to sell after slight rises is extremely strong. This trend is unlikely to change soon given uncertainty over the high-tech profit outlook. |
Without decisive policy action by the government, the 11,000 will be just a passing point. |