The Nikkei average was up ¥1,039 as of 1:50 p.m. With the FOMC results, the ECB interest-rate announcement and the Bank of Japan's monetary policy meeting outcome due this week, caution about chasing further gains is becoming widespread.
The Nikkei average was up ¥1,039, with Advantest, SoftBank Group and Tokyo Electron among the top contributors, while Fast Retailing, Daiichi Sankyo and Chugai Pharmaceutical were negative contributors. By sector, nonferrous metals, electrical equipment, glass and ceramics products, banks and machinery were the top gainers, while real estate, pharmaceuticals, land transportation, retail and foods were the top decliners.
Events are expected to be concentrated this week, including the release of the Federal Open Market Committee (FOMC) decision, the European Central Bank (ECB) interest-rate announcement and the outcome of the Bank of Japan's monetary policy meeting. Voices calling for investors to assess these events first are limiting further attempts to chase gains.