This market just keeps going and going and people are betting on even further gains. Strength in economic fundamentals is the biggest incentive.
Technology shares here got a lift from strong gains in the Nasdaq index as many investors here regard this sector as having lagged last year.
The 17,000 level isn't only the highest in more than five years, but it's also technical resistance. It won't be easy to break through (this level) and this created overall cautious sentiment.
Most members at Japanese golf courses are corporate, so investing in a golf-course stock is like investing in Japan's economy. Still, the number of players isn't growing, so some courses are having to cut fees to attract players, squeezing profits.
There's increasing diversity in consumer demand. Automakers have to respond.
We're seeing a combination of concerns over the Bank of Japan and feedback from the futures side ahead of special quotation day weakening the market.