When someone as important as the Bank of Japan governor says something like that, it's enough to put investors on their toes, making them believe the fund injection could be decided at any time.
The recent drop was mainly due to a downtrend in New York, especially that in the technology sector. So the rebound came as a great relief to investors here.
Nobody is yet confident about buying up the market.
My feeling is that the market's in the process of recovery but it's going to take more time for the Nikkei to really lift off. The Nikkei will probably be stuck around 15,000 for more than a week.
Investors are realizing they oversold last week. Tokyo stocks are still very much at the mercy of the U.S. market, but there's now hope technology stocks in both markets have hit bottom.
The current trend is to lock in profits from technology issues and shift money to defensives.
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