The prospects for the steel industry are quite positive, supported by strong demand.
More Quotes from Mitsushige Akino:
The market is now focused on U.S. data such as the manufacturing report. My long-term view is that solid growth will support higher stock prices.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
The joint venture will invigorate the semiconductor market as chip equipment makers find more business opportunities. More interest rate increases by the Fed than anticipated will reduce consumer spending in the U.S. and some investors want to wait and see a job report that comes out later today.
Mitsushige Akino
Nippon Steel will finish strong in both the third quarter and in the full year. A strong domestic market and weak yen has helped the company achieve positive earnings.
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
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