Stability is somewhat returning to stocks, which took a hit earlier this week due to concerns that the Bank of Japan may raise interest rates earlier than previously thought.
More Quotes from Hiroyuki Nakai:
Sentiment's quite neutral now after the initial selling, and investors are now taking a wait-and-see stance ahead of economic indicators.Hiroyuki Nakai
The fact that there is internal conflict (at Sony) is hardly good for investors' trust.
Hiroyuki Nakai
If the United States raises rates broadly, such as past the 5 percent mark, then we would certainly see some damage in Japan, but with the way things are right now, I don't think it is much of a worry.
Hiroyuki Nakai
Share prices rose on the back of the gains on Wall Street overnight.
Hiroyuki Nakai
The yen's rise and uncertainty over possible (dollar-supporting) intervention made players take a wait-and-see stance.
Hiroyuki Nakai
Here, investors are looking ahead to the BOJ meeting and at the end of the week we'll be awaiting U. S. jobs data. With these factors ahead, I don't think stocks will be able to move much at all today.
Hiroyuki Nakai
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