Many traders were just starting to return to the market after taking last week off for a holiday in Japan. "Mid-summer doldrums are taking a toll on the market's vitality," SMBC Friend Securities senior strategist Toshihiko Matsuno told Dow Jones Newswires. "Hopes for more Bank of Japan monetary easing - perhaps by year-end - to push the yen down and stimulate stock buying are not likely to be fulfilled, unless data point to a significant weakness in the central bank's plan to raise inflation," he added.
Chugai denied the report which came out last week. Nintendo rose 3. 98 per cent to 11,740. 0 yen after reports it would offer an online Pokemon trading card game on iPads. SoftBank rose 0. 44 per cent to 7,043. 0 yen after the mobile carrier announced it would issue 400 billion yen ($A4. 22 billion) worth of corporate bonds.
Read more here: Business Spectator