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.
More Quotes from Hidenori Kawasaki:
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.Hidenori Kawasaki
Foreign investors in particular are selling large-cap technology stocks like Sony. No one's worried about the fundamentals of individual companies, though. It's just that demand for international names is running very dry.
Hidenori Kawasaki
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.
Hidenori Kawasaki
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