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“Europe is starting to take some concrete steps toward recapitalizing its banks,” said Kiyoshi Ishigane, a senior strategist at Mitsubishi UFJ Asset Management Co. “That’s driving a rebound in the market.”
Japan’s Ministry of Economy, Trade and Industry is to announce month on month change in tertiary industry activity on Thursday. Services purchases slipped 0.1% in July, compared to June; economists expect further contraction of 0.3% in August.
“Europe is starting to take some concrete steps toward re-capitalizing its banks”
- Kiyoshi Ishigane, strategist at Mitsubishi UFJ