The crude oil price is the U. S. economy's Achilles' heel as higher costs for gas and engine oil directly affect consumers. A possible rise in borrowing costs in Japan may curb demand for loans and is a blow to bank stocks.
More Quotes from Akio Yoshino:
Investors are awaiting the outcome of the central bank's policy-setting meeting tomorrow. Caution before the Bank of Japan verdict appeared to keep market participants at bay.Akio Yoshino
Earnings growth may also slow for technology companies in the region.
Akio Yoshino
The emphasis isn't on companies' outlook for future growth. Rather, investors are picking stocks with low (price-to-earnings) ratios, or companies that averaged safe revenue growth over the last five years.
Akio Yoshino
Japan's economy demonstrates quite a healthy picture,
Akio Yoshino
A possible slowdown in the U.S. economy is clear. Demand for overseas goods cannot be sustained at the current level.
Akio Yoshino
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