Yields aren't high enough to entice investors. I see little reason to buy bonds as stocks are looking bullish and the economy is on a recovery track.
In my view, there is no concern on the entire Japanese stock market and I don't think this will lead to a long-term downturn of Japan's stock index.
The main focus for the earnings will be the capital spending plans, as it is at the root of whether these electronics makers can continue to reduce costs and come up with value-added products.
Consumer prices are increasing and that will give Fukui confidence to change policy. We are gradually reducing our bond holdings.
Some investors are becoming skeptical about the economic recovery. Investors are looking for positive surprises in the economic data and the machinery orders wasn't a surprise at all.
There is the need for risk diversification. If we are going to do it we would have to do it quickly.
It's very possible their forecasts could be revised upwards, seeing the GDP results of the final quarter last year and seeing the world economy is doing fairly well.
We'll probably hold off buying Treasuries and other overseas bonds this month, and may resume our investment in April or after.
This year the risk for investors lies in holding bonds, not stocks.
I'm speechless. What can you say when you can't trust a company's statements or the exchange's trading system.
