Stock: Percent Slide and Stock Market

stock: At the moment, there are no enthusiastic buyers of the Japanese stock market beyond the Bank of Japan, said Yutaka Miura, a senior technical analyst at Mizuho Securities Co, according to The Japan Times. In terms of the trading flow, the Topix is getting far more purchases compared to the Nikkei 225. Following criticism that its exchange-traded funds purchases are distorting the stock market, the central bank said last September it would reduce its Nikkei 225 buying in favor of the Topix, which covers all stocks in the Tokyo Stock Exchange's first section. ; While a 26 percent slide this year by Uniqlo clothing stores operator Fast Retailing Co. which has the heaviest weighting in the price-weighted smaller gauge has contributed to its underperformance, falling out of favor with the BOJ is having more of an impact, according to analysts. The BOJ bought a total of 4 trillion of ETFs so far this year through Friday. Foreigners sold Japanese shares for three weeks in a row through the week ended Aug. 11. Its Topix-linked ETF buying is likely to have reached around 73 percent of its total purchases in July, and is unlikely to have changed much in August, according to Nicholas Smith, a strategist at CLSA Ltd. in Tokyo. (news.financializer.com). As reported in the news.