Masatoshi Sato
Masatoshi Sato
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U.S. stocks have settled down, but data on the economy is getting worse. Investors are increasingly worried the U.S. economy will fall off a cliff and pull Japan over with it.
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But a sour-loan solution remains elusive, the supplementary budget is unlikely to do much for the economy, and the future direction for Wall Street remains unclear.
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But considering fundamental economic weakness and a shaky performance for U.S. stocks, investors were not ready to push the Nikkei over 10,000,
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Investors are not sure about a consistent rally in the U.S. stock market. The chip sector's momentum last week also looks temporary.
bank fall shares sharp
Yesterday's sharp fall in bank shares is overshadowing sentiment,