Hiroshi Arano
Hiroshi Arano
attractive below levels
I see levels below 17,500 as very attractive for bargain-hunting.
gains
For the Nikkei to go up further, gains need to become more broad-based.
banking concern factor health hit lingering main stocks swings system
Swings in U.S. stocks always hit here hard, but lingering concern about the health of Japan's banking system is the main factor weighing heavy.
components economic factors loss recent tokyo
The recent loss in Tokyo was triggered by factors like the reshuffle of the Nikkei components and tumbles in U.S. shares. It has nothing to do with economic fundamentals in Japan, which have not worsened at all.
inflation next
Worldwide, inflation is going to be the big story next year. For Japan, that's going to be a big positive.
banks lead
When there's considerable uncertainty in the market, like there is now, banks lead the decline.