Market News: Nikkei Outlook!

[Dow Jones] Despite Nikkei's sharp drop (now down 2.4%), no need to worry about market outlook, Mizuho Investors Securities manager says. Index briefly lost more than 450 points on double whammy of high oil prices, fall in USD/JPY at a time when many players reluctant to buy ahead of earnings reports by big Japanese firms this week. Slump today just temporary drop; Investors mostly expecting strong earnings, and such solid fundamentals will support market, he says. (YOT)