Hiroshi Arano

When there's considerable uncertainty in the market, like there is now, banks lead the decline.

When there's considerable uncertainty in the market, like there is now, banks lead the decline.

For the Nikkei to go up further, gains need to become more broad-based.

For the Nikkei to go up further, gains need to become more broad-based.

The recent loss in Tokyo was triggered by factors like the reshuffle of the Nikkei components and tumbles in U.S. read more

The recent loss in Tokyo was triggered by factors like the reshuffle of the Nikkei components and tumbles in U.S. shares. It has nothing to do with economic fundamentals in Japan, which have not worsened at all.

Worldwide, inflation is going to be the big story next year. For Japan, that's going to be a big positive.

Worldwide, inflation is going to be the big story next year. For Japan, that's going to be a big positive.

Given Japan's shaky political and financial situation, the market will continue to produce such knee-jerk reactions to stock movements in read more

Given Japan's shaky political and financial situation, the market will continue to produce such knee-jerk reactions to stock movements in the U.S..