Not a good start to the new fiscal year for Japanese equities.
- -594.51
- open 16719.56
- high 16719.56
- low 16113.01
- USDJPY 112.25 and still underpinned into 112.00. Offers at 112.50.
The Tankan survey was the main cause for the falls with the
utilities sector continuing to sell-off (-4.39%) during the afternoon
session, with today seeing the first day of deregulation of Japan's power
industry.
