Japanese pension funds and institutions will likely accelerate their buying from October when the second half of this business year starts. We are seeing one of the best buying chances.
Seems like Tokyo stocks hit the short-term bottom on Monday. Now investors are comfortable about buying and giving a positive reaction to good corporate earnings.
Companies with strong earnings prospects may lead the market higher. Automakers and auto equipment makers are buying targets given increasing sales in overseas markets.
These kinds of problems tend to cool investors' buying sentiment.