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"There's a slowdown in the macro economy, weighing on the market"
- Shintaro Takeuchi, fund manager at Tokyo Marine
Japanese stocks rebounded on Thursday after Olympus Corp. jumped 19% and Japan Petroleum Exploration Co. gained 3.6%. The Nikkei 225 rose 0.19%, or 16.47 points, to 8,479.63, while the broader Topix climbed 0.50%, or 3.60 points, to 727.71.
"There's a slowdown in the macro economy, weighing on the market," said Shintaro Takeuchi, fund manager at Tokyo Marine & Nichido Fire Insurance Co. "Japanese stocks are relatively cheap and the downside is limited."
Japan's Ministry of Finance is to announce trade balance data on Monday. The country's trade balance deficit narrowed to -0.02 trillion yen in September from -0.27 trillion in August.