By Ayai Tomisawa
TOKYO Mon May 9, 2011 9:47pm EDT
TOKYO (Reuters) - Japan's Nikkei stock directory edged straight down on Tuesday, harmed by way of cut in Greece's credit ranking that will outweighed acquires with commodity-linked shares upon the rear of higher gold along with oil prices.
Investors remain largely on the actual sidelines in advance of more corporate and business net income out of important companies, as well as bellwether Toyota Motor (7203.T), which in turn reports with Wednesday.
Standard in addition to Poor's cut Greece's standing to be able to B out of BB-, dragging the item even more into junk place on issues a bill restructuring will be progressively likely. Moody's threatened that will slice the particular country's ratings through several notches.
"The impact from Greece's downgrade is just not that big, but it really seriously isn't aiding opportunist appetite," claimed Fujio Ando, senior coping with director during Chibagin Asset Management.
"If organizations just like Toyota will not launch forecasts in this personal year, battle for that Nikkei may hold organization all around 9,900 till you'll find additional signs of your recuperation in profits after this year."
The standard Nikkei 6502.T
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