A fall in U.S. stocks will likely pour cold water on Japanese shares.
We all know how dependent Japanese manufacturers are on the U.S. market. The jobs data is a blow to already-weak sentiment,
Foreign selling seems to be behind sharp losses in some stocks like Matsushita. It's no secret they want to lock in profits in Japanese shares after being severely hurt in steep falls in U.S. shares.
Foreign investors probably have a full stomach after they swallowed a whole range of Japanese stocks.