Overseas investors appear to be on hold on concerns about further US interest rate hikes.
More Quotes from Hideo Mizutani:
The market is dragged down by profit-taking, with shares that made gains recently under selling pressure.Hideo Mizutani
Because of the uncertainties over exchange rates, investors were hesitant to chase export-oriented shares, and instead, went for domestic-demand-oriented shares.
Hideo Mizutani
Basically, investors can't really take aggressive positions this week, as they are waiting for the Bank of Japan's meeting, even if they expect the end to the ultra-loose policy to come on Thursday.
Hideo Mizutani
The yen did not strengthen in light of the end of the ultra-loose monetary policy which provided comfort to market players.
Hideo Mizutani
It's a tug-of-war between investors choosing to pocket gains after the Nikkei surged to its highest level since August 2000 yesterday and those chasing bargains on optimism about a steady economic recovery.
Hideo Mizutani
Readers Who Like This Quotation Also Like:
When I look at Social Security, I consider it the most important social program in the United States, arguably the most successful program in the world.James A. Leach
Those things that nature denied to human sight, she revealed to the eyes of the soul.
Ovid
Women serve but to keep a man from better company.
William Wycherley