Active Investing in Japan

After reviewing a Nikkei Shimbun report on what to expect this week, it seems the outlook from within is not so bullish and more of a let’s wait and see what happens with U.S. earnings and other external factors. The 17,500 level will be a psychological point of resistance for the Nikkei 225. One issue is domestic analysts don’t see much positive (or new) news to buy on and at the same time don’t expect much bullishness from foreign investors. That said, there don’t appear to be any voices calling for a big pullback either. Japanese earnings season doesn’t kick into full swing for another week.

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Japan market summary for Friday (Oct. 12)
Nikkei 225 Stock Average: -127.81 (-0.7%) to 17,331.17
Nikkei 225 futures Osaka: -190 (-1.1%) to 17,340, Singapore (SGX) -140 (-0.8%) to 17,350, Chicago (CME) *10/11 +120 (+0.7%) to 17,400
TOPIX: -18.04 (-1.1%) to 1,659.48; Advancers 333 x decliners 1,319 (unch. 73), New highs 33 x new lows 14; 30/33 sectors posted losses
Jasdaq: -5.31 (-0.3%) to 1,903.11
Yen: weakened against the US$ about 0.1% to 117.30 level late in Tokyo; strengthened about 0.1% against the euro to 166.30-35 level
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