Confidence over an end to deflation keeps luring investors to bank shares. Buying of steel stocks falls into the same kind of category, that is one where investors bet on the domestic demand.
More Quotes from Katsuhiko Kodama:
The Nasdaq will probably rebound tonight because of Yahoo and investors started factoring that in at the start, but there wasn't enough follow-through buying in high-tech and Internet shares,Katsuhiko Kodama
I don't think the market was expecting this ... Now it looks like many investors are expecting just one more interest rate rise, in May.
Katsuhiko Kodama
Had the outcome been better, it would have increased speculation of higher consumer prices immediately ahead, so it seems that investors are taking a weaker reading as a positive.
Katsuhiko Kodama
We've got a firmer New York market and a weak yen to support exporters.
Katsuhiko Kodama
Given the New York market's setback on geopolitical concerns, the market here may wipe off half or more of the gains it saw yesterday.
Katsuhiko Kodama
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Based on Topics: Confidence QuotesBased on Keywords: deflation, luring
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