Investors may take a wait-and-see stance until the Bank of Japan comes out with its policy statement.
More Quotes from Yutaka Miura:
There's greater concern now about further U.S. interest rate increases and that will dampen the overall Japanese market. Natural resources-related shares may rise, but hi-tech and autos may fall on concern about reduced overseas demand.Yutaka Miura
There's not disappointment here, but also nothing to move the market. We still hold out hope for reform and will continue to watch developments carefully.
Yutaka Miura
There are some worries about inflation in the U.S. and the possibility of further rate hikes. Because of those concerns and the slide in U.S. shares, investors in Japan will likely take some profits.
Yutaka Miura
Prolonged confusion in the U.S. presidential election and the growing possibility of a political crisis here mean investors are generally holding back.
Yutaka Miura
The trend is for a weaker dollar, which will hurt companies, especially exporters.
Yutaka Miura
Investors are focusing on shares of companies that will benefit from Japan's economic recovery.
Yutaka Miura
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