Salient to Investors:
Tomomi Yamashita at Shinkin Asset Mgmt said earnings overall are not bad, but some share prices got way ahead of themselves triggering profit taking, while tech is a hard spot and needs to do more capital investment but are waiting for an improvement in the economy.
The Topix is at 1.3 times book versus 2.3 for the S&P 500 and 1.7 for the Stoxx Europe 600.
Juichi Wako at Nomura Securities expects the BOJ to indicate their timeframe for reaching the 2 percent inflation target.
Read the full article at http://www.bloomberg.com/news/2013-04-26/japanese-shares-rise-ahead-of-boj-meeting-japan-tobacco-gains.html
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