Investors were keenly awaiting machinery orders, due out in the afternoon. However, the downside on the main indices was limited as investor hopes for a further rise remained pretty strong. An outcome (on the data) above the market consensus could set the stage for a further boost.
More Quotes from Mitsushige Akino:
Sony and Sanyo are coming up with more aggressive restructuring. But investors are now buying companies that can post strong growth without restructuring,Mitsushige Akino
An increasing amount of money is flowing into mutual funds from individuals, driving large capital stocks higher. Even so, the upside is limited as overseas investors are shifting money out of Japan as they are worried about interest rate hikes.
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By taking full control of the U.S. unit, the group is trying to speed up its decision making,
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The U.S. economy, once a concern for investors, is now driving stocks higher.
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Active buyers may opt to pocket gains quickly ahead of a string of holidays starting tomorrow. This would cap further gains.
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