Japanese stocks surged for two straight days till Monday, so today's market is pushed down by profit-taking pressure, and US shares declined while we were on holiday yesterday. The move is, thus, quite natural.
Japanese stocks surged for two straight days until Monday so (now the) market is pushed down by profit-taking (after) US shares declined.
The data has given investors the impression that both wheels of Japanese business activity - consumption and the level of investment - are working in tandem.
It's definitely having an effect .... Foreigners are likely worried about the Bank of Japan eventually ending its super-easy monetary policy. Also some companies did down downgrade their profit forecasts and there are those investors who now see Japanese stocks as overvalued.
The unemployment data confirmed the recovery of the Japanese economy.