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.
More Quotes from Yutaka Miura:
Basically, I think the desire to wait and see is very strong right now. That being said, U.S. stocks, especially the Nasdaq index, were weaker ... so the market is likely to move lower.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
Investors sell futures contracts speculating about a further fall in the cash market in the afternoon, so by the time the cash market opens, investors turn bearish -- it's a vicious cycle.
Yutaka Miura
U.S. stocks started off the year posting broad gains on the opinion that interest-rate increases are coming to an end. Taking cues from that, Japanese stocks ... with a focus on high-tech issues, are likely to move higher.
Yutaka Miura
The market took a breather as investors believed share prices surged too far, too fast in recent sessions. Most market participants were also taking to the sidelines before the release of US employment data later today.
Yutaka Miura
Investors are focusing on shares of companies that will benefit from Japan's economic recovery.
Yutaka Miura
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