26 Quotes by Masayoshi Okamoto
- Author Masayoshi Okamoto
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After going through volatility in recent trade, not many investors would like to hold their positions through the three-day weekend. And when they square positions, most of them are short following Tokyo's recent downtrend.
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- Author Masayoshi Okamoto
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The momentum is here. I think the Nikkei will likely test yesterday's high of around 16,700 again today.
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The yen is boosting some of the techs and autos, but the size of that boost is clearly disappointing.
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There's a lot of brand-new buying energy out there.
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It's just like the Bank of Japan is (considering) lifting its zero-interest rate policy. It's not that the TSE will forcibly implement tighter rules.
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It was clear that the downside was solid because falls were relatively limited despite the jump of more than 200 points yesterday.
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Foreign selling seems to be behind sharp losses in some stocks like Matsushita. It's no secret they want to lock in profits in Japanese shares after being severely hurt in steep falls in U.S. shares.
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- Author Masayoshi Okamoto
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Foreign investors probably have a full stomach after they swallowed a whole range of Japanese stocks.
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- Author Masayoshi Okamoto
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Domestic institutions were looking for reasons to unwind a good slice of their long positions in the tech sector. The yen and the Nasdaq gave them two very good ones.
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