said John Morita, general manager of research at Shipagin Asset Management "Investors sold stocks after the Nikkei recovered all of the declines caused by the bank’s policy adjustment Japan Last month".
explained "Also amid earnings season, investors are wary of negative surprises after Nydec posted disappointing forecasts.".
The sudden policy adjustment, made by the Bank of Japan on December 20th, widened the trading band for yield bond government for 10 years, to push the index down.
The Nikkei index rose 4.94 percent this month, and has been on an upward trend since the Bank of Japan kept its monetary easing policy unchanged at its meeting last week.
Nidec Engine disappointed investors after it cut its full-year operating profit forecast by almost half, sending the stock down 7 percent in the following session.
But in Friday’s session, Nydic shares jumped 3.05% and recorded a weekly gain of 2.43%.
Shares also went up Toyota Motor 0.4 percent after announcing that Akio Toyoda was stepping down from the position of president and chief executive officer to become chairman of the board as of April 1st, and handing over the helm of Japan’s largest automaker to chief brand officer, Koji Sato.
And the index went up topix The broader one rose 0.22 percent to 1982.66 points, and recorded a weekly gain of 2.9 percent.
The banking sector recorded gains of 2.51 percent, becoming the biggest gainer among 33 sub-indicators, while the shipping sector declined 3.62 percent, becoming the worst performer.
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rose afor the Nikkei index 0.07 percent, to end the session at 27,382.56 points, after trading in the negative zone. The index recorded a weekly gain of 3.12 percent, the largest since the week ending November 11.
“Investors sold stocks after the Nikkei recovered all of the declines caused by the bank’s policy adjustment,” said John Morita, general manager of research at Shipagin Asset Management. Japan Last month”.
“Also, amid earnings season, investors are cautious about negative surprises after Nydec published disappointing forecasts,” he said.
The sudden policy adjustment, made by the Bank of Japan on December 20th, widened the trading band for yield bond government for 10 years, to push the index down.
The Nikkei index rose 4.94 percent this month, and has been on an upward trend since the Bank of Japan kept its monetary easing policy unchanged at its meeting last week.
Nidec Engine disappointed investors after it cut its full-year operating profit forecast by almost half, sending the stock down 7 percent in the following session.
But in Friday’s session, Nydic shares jumped 3.05% and recorded a weekly gain of 2.43%.
Shares also went up Toyota Motor 0.4 percent after announcing that Akio Toyoda was stepping down from the position of president and chief executive officer to become chairman of the board as of April 1st, and handing over the helm of Japan’s largest automaker to chief brand officer, Koji Sato.
And the index went up topix The broader one rose 0.22 percent to 1982.66 points, and recorded a weekly gain of 2.9 percent.
The banking sector recorded gains of 2.51 percent, becoming the biggest gainer among 33 sub-indicators, while the shipping sector declined 3.62 percent, becoming the worst performer.