Yesterday's (market) slump went too far so investors are targeting bargains.
Share prices were weaker as many investors are keenly awaiting the machinery orders (figures).
Share prices had been softer due mainly to a rise in the value of the yen against the dollar, which was caused by Fukui's comments but some investors chased bargains later, pushing the NIKKEI index above the key 16,000 level.
Share prices ended weaker. This is because of lingering concerns about a lack of active inflows of funds from offshore investors.
Basically, investors can't really take aggressive positions this week, as they are waiting for the Bank of Japan's meeting, even if they expect the end to the ultra-loose policy to come on Thursday.
Because of the uncertainties over exchange rates, investors were hesitant to chase export-oriented shares, and instead, went for domestic-demand-oriented shares.
Overseas investors appear to be on hold on concerns about further US interest rate hikes.
Overall the survey showed that the expansion of the Japanese economy will continue.
Market participants are relieved as they now see the trend of foreigners exiting the Japanese market is over.
With some US quarterly results robust, expectations for Japanese firms' earnings results to be strong are also growing.
Uncertainties over how Toshiba will run the nuclear power business and its financing scheme for the acquisition prompted investors to sell.
The yen did not strengthen in light of the end of the ultra-loose monetary policy which provided comfort to market players.
It seems that foreign selling, partly spurred by relatively expensive Japanese shares, has peaked out.
Foreigners have, thus far, made a lot of money by investing in Japanese stocks which were relatively cheap.
Industrial output data, which showed a rise for the fifth straight month, suggested that the economy is on the recovery track, even though the number fell short of the market consensus.
Higher interest rates result in higher capital procurement costs -- when they borrow money from banks, for example -- hurting their investment.
The market opened higher, but after that was dragged down by selling pressure on profit-taking.
The market is moving within a small range ... after the 'big event' and the positive response to it. But for now, there are no leads to push the market up further.
The market is dragged down by profit-taking, with shares that made gains recently under selling pressure.