“The focus today was whether the gauge could recover losses from ex-dividends,” said Yoshihiro Okumura, a general manager at Chiba-Gin Asset Management Co. in Tokyo. “There are expectations that the market will rebound come the new fiscal year as the government enacts reforms and policies.”
The consistency of the Japanese stock market’s uptrend is likely to be influenced by the ability of the government to deliver on the next tranche of reforms.
Today’s upward dynamic by Nikkei 225 from the region of the 200-day MA suggests investors are beginning to position for a positive outcome. (Also see Comment of the Day on March 25th.