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.

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.

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.

I see levels below 17,500 as very attractive for bargain-hunting.

I see levels below 17,500 as very attractive for bargain-hunting.