Investors first reacted by buying
back stocks following the BOJ's announcement to stand pat on its monetary policy, briefly lifting the Nikkei to above the 8,800 line, as the yen quickly fell against the U.S.
TOKYO, March 9 Kyodo Shares on the Tokyo Stock Exchange opened higher Tuesday, as investors bought
back stocks following a 114.95-point decline the previous day.
Historically, the stock market starts to recover at the beginning of the new year, which Wall Street calls the "January effect." "Investors start bottom fishing, buying
back stocks at a lower price," adds Clark.
"But we also want to have a stock that is priced competitively with other banking companies; to do that is to care about your shareholders by buying
back stocks when you can."
monetary easing measures ahead of the release of the outcome of the Fed's two-day Federal Open Market Committee through Wednesday, prompting investors to buy
back stocks, brokers said.
Although some investors were prompted to buy
back stocks after the Nikkei plunged nearly 2 percent Wednesday, the yen's rise versus the euro weighed on export-linked shares, clouding hope for improvements in corporate earnings, brokers said.
Investors also opted to buy
back stocks after the Nikkei index briefly fell below the psychologically important threshold of 8,500 in the previous session, but concern that a stronger yen may hurt exporters' earnings limited further gains, brokers said.
Share prices on the Tokyo Stock Exchange opened moderately higher Thursday, with investors continuing to buy
back stocks following a recent sharp decline in share prices.
Share prices on the Tokyo Stock Exchange opened moderately higher Wednesday, as investors bought
back stocks following Tuesday's decline in the prices.
