The biggest incentive for investors to buy stocks right now is optimism for sustained economic growth. The kind of appetite we're seeing from investors right now won't end easily.
More Quotes from Mitsushige Akino:
But strong buying interest appeared to beat profit-taking in the end.Mitsushige Akino
Some offshore investors secured cheaper funds here in yen for investing in Japanese equities. They appeared to be nervous as they consider an end to the current ultra-loose monetary policy by the Bank of Japan would increase their costs.
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.
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
The key factor from now on is demand in China. The peak of the company's performance has already been reflected in the share price.
Mitsushige Akino
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.
Mitsushige Akino
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