As reported by «Market Leader» (US)
Japan: investors are pessimistic
Forex news. The bids at Japanese stock exchanges on September 20 finished with the drop of Nikkei index by 1.6 %. The main reason for this was the debt crisis, which remains in Euro zone. In particular, today it has been reported that S&P had lowered the credit rating of Italy.
The shares of Japanese leading banks, which make up the countries three leading financial institutions, have dropped in price. These banks are Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho. Companies Sony, Panasonic, and Toshiba have experienced serious decline, for their quotations have, on average, lowered by 2%. In general, by the results of September 20, Nikkei index has dropped by almost 195 points.