The growth is clearly being driven by internal demand, and that means Japan is recovering on its own.
More Quotes from Norihiro Fujito:
We're starting to see some evidence of slowdown in the U.S., which is going to be a risk for us. The biggest concern is the oil price and foreign investors who have been buying Japan may be reluctant to buy from here.Norihiro Fujito
It's not just the weakness in U.S. stocks this time. The dollar is falling (against major currencies) at the same time, and money is flowing out of the U.S..
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
Japan's stock market may return to a bullish trend today, helped by U.S. jobs growth. Automakers such as Suzuki and Honda may be particularly strong on the back of the strengthening dollar.
Norihiro Fujito
They have actively poured their money into blue-chip companies here such as Honda, Toyota, Matsushita Electric and Canon.
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
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