49 Quotes by Mitsushige Akino
- Author Mitsushige Akino
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Some offshore investors secured cheaper funds here in yen for investing in Japanese equities. They appeared to be nervous as they consider an end to the current ultra-loose monetary policy by the Bank of Japan would increase their costs.
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Nippon Steel will finish strong in both the third quarter and in the full year. A strong domestic market and weak yen has helped the company achieve positive earnings.
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But strong buying interest appeared to beat profit-taking in the end.
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Good economic reports provided us a relief and I expect stocks will rebound from yesterday's losses.
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Large technology companies continue to attract investors as there is a good chance they will raise their earnings forecasts. It looks like the possible rate increase by the Fed in May won't be the last one, and that's weighing on stocks.
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Some investors focused on domestic demand-led sectors, while high-tech firms appeared to be weaker due to lingering worries over the firmer yen.
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The prospects for the steel industry are quite positive, supported by strong demand.
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While taking profits on some issues, retail investors continued to look for bargains among domestic economy-sensitive issues as they remain optimistic about the market's outlook.
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Yet, whether doing this will change investors' appetite will depend on what kind of steps will actually be taken by the group, and whether and how the earnings will be raised.
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