It's hard to find shares of exporters to be attractive when the situation in the U.S. seems pessimistic.

Investors may take a wait-and-see stance until the Bank of Japan comes out with its policy statement.

Intel cutting its revenue forecast will probably prompt some selling and pull the market lower.

The slide in U.S. stocks looks non-stop. This is not a good sign for Tokyo, especially for high-tech exporters.

The slide in U.S. stocks looks non-stop. This is not a good sign for Tokyo, especially for high-tech exporters,

A strong yen is a minus for Japanese stocks. In addition, a slump in the Nasdaq is negative for Japanese stocks, in particular expensive high-tech issues.