I think we're in for another week of low volumes and directionless trade. Investors will continue to act cautiously until specifics of the package become clear,
More Quotes from Norihiro Fujito:
Sony's results led the market today. The surprisingly upbeat numbers gave the market its strong upward impetus, raising hopes for better-than-expected results from other companies.Norihiro Fujito
We've seen a change in the trend of foreigners' investment stance on Japanese shares. It looks like a change in country allocation.
Norihiro Fujito
In contrast to the year-end rally here driven by real estate and other domestic plays, taking a lead now are stocks which have a high correlation with the Nasdaq market.
Norihiro Fujito
They have actively poured their money into blue-chip companies here such as Honda, Toyota, Matsushita Electric and Canon.
Norihiro Fujito
We're starting to see some companies that are struggling significantly in the technology industry. With earnings being in focus this week, they may suffer selling.
Norihiro Fujito
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