Active Investing in Japan

No surprise here. It’s not really news since the Golden Week effect continues. One more day to go and then the markets are closed until Monday.

The Nikkei 225 Stock Average lost 125.43 (-0.72%) to 17,274.98 (range: 17,203 – 17,396). N225 futures in Osaka lost 0.75% to 17,280 (range: 17,210 – 17,430). TOPIX 1st Section was down 7.75 (-0.46%) to 1,693.25 (range: 1,689 – 1,704). Decliners outnumbered advancers 966 x 634 (126 unchanged) and only 7 of 33 sectors posted gains.

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Look at these two Bloomberg article headlines:

1. Japan’s Wages Drop, Limiting Consumer Spending Growth

2. Japanese Stocks Decline, Led by Sony, on Slower U.S. Consumer Spending

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