We have a bunch of good news today. First, foreign investors took a cue from strong earnings here and stepped up their buying, in particular after the earnings from Sony.
Shares such as real estate are expected to rise on expectations for land prices.
It's good time for the market to take a breather.
If the next premier after reform-minded Koizumi raises concerns about slower progress in structural reforms or debates about the consumption tax, it would be negative for Japanese stocks.
The headline figure came in within market expectations, and the sixth straight monthly increase was welcome.
The market is reacting (to the report).
Investors who don't want to take the risk of betting either yes or no are squaring positions, resulting in selling of recent gainers.
There is a sense of relief as we have shrugged off the risks that could come from a major event.
Copyright © 2024 Electric Goat Media. All Rights Reserved.