It's a tug-of-war between investors choosing to pocket gains after the Nikkei surged to its highest level since August 2000 yesterday and those chasing bargains on optimism about a steady economic recovery.
More Quotes from Hideo Mizutani:
The market is dragged down by profit-taking, with shares that made gains recently under selling pressure.Hideo Mizutani
Basically, investors can't really take aggressive positions this week, as they are waiting for the Bank of Japan's meeting, even if they expect the end to the ultra-loose policy to come on Thursday.
Hideo Mizutani
Share prices were weaker as many investors are keenly awaiting the machinery orders
Hideo Mizutani
The yen did not strengthen in light of the end of the ultra-loose monetary policy which provided comfort to market players.
Hideo Mizutani
Overseas investors appear to be on hold on concerns about further US interest rate hikes.
Hideo Mizutani
Uncertainties over how Toshiba will run the nuclear power business and its financing scheme for the acquisition prompted investors to sell.
Hideo Mizutani
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