The market's... been braced for political uncertainty in Japan and in the U. S., ... Sellers cannot be too aggressive because a consensus now is that the Nikkei below 15,000 could be a bargain.
More Quotes from Kazuyuki Naito:
Big institutions are preparing for the fiscal year end, so there are few sellers in the market.Kazuyuki Naito
The bad debt overhang has this market trapped in a range. It flew on hopes for (Prime Minister Junichiro) Koizumi reforms, but has little chance of breaking out until he maps out a more concrete plan to clean up the mess.
Kazuyuki Naito
People have been shying away from high-tech issues, which are vulnerable to changes in external demand. But they are bullish on those dependent on domestic demand,
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No one believes we have seen the last of the wild moves in U.S. stocks.
Kazuyuki Naito
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