Tokyo’s equities markets were mixed on Tuesday, with the Nikkei 225 0.3 percent higher to 16,399.39 but the Topix index dropping 0.2 percent to 1,617.42 on the session.

The banking sector was 1.2 percent lower as a whole as the possibility of interest rates going up again has declined amid domestic economic data which hasn’t lived up to expectations. Meanwhile, the consumer finance sector saw another round of declines after some companies reduced their earnings estimates for the first half of the year. Aiful declined 1 percent to ¥4,040, while Acom dropped 2 percent to ¥4,500 and Promise ended 3 percent lower to ¥4,230. Sanyo Shinpan Finance fell 5.9 percent to ¥4,470.

The telecommunications sector did little better. Softbank dropped 2.9 percent to ¥2,560 after it became known that Japan’s Fair Trade Commission is concerned about the company’s new pricing plan. The news that Softbank lost around 20,000 customers in the first five days of number portability also contributed to its decline. NTT DoCoMo fell 1.1 percent to ¥179,000, also on a decline in the number of its customers. KDDI, on the other hand, added 0.3 percent to ¥729,000 on a gain of tens of thousands of customers.

An upgraded target share price from Deutsche Bank sent property developer Tokyo Tatemono 1.9 percent higher to ¥1,396.

In Tokyo on Friday equities markets were lower as new consumer price information showed that the Japanese economy might not have completely emerged from deflation, with core consumer prices in September up by only 0.2 percent. The new data makes it fairly certain that the Bank of Japan will not raise interest rates anytime soon.

The Nikkei 225 ended the session at 16,669.07, 0.9 percent lower, while the Topix index dropped 0.8 percent to 1,650.73.

The automobile manufacturing sector managed gains on the session. Nissan was 2.5 percent higher to ¥1,424 even though its quarterly report was not up to expectations. Honda added 2.6 percent to ¥4,270 on an upgraded full-year outlook.

Sony added 1.2 percent to ¥4,880 in a mixed electronics sector. Matsushita dropped 1.8 percent to ¥2,530 before releasing interim figures, but after the session’s close it said it’s operating profits in the first half were up 21 percent.

Banks were lower on the CPI news, with Mitsubishi UFJ 1.3 percent lower to ¥1,510,000. Mizuho Financial dropped 1.9 percent to ¥937,000.

Weakness in the consumer finance and securities sectors sent the Tokyo equities markets lower on Wednesday. The Nikkei 225 dropped 0.5 percent to 16,699.30, while the Topix index fell 0.6 percent to 1,653.38. There were losses in a number of other sectors as well.

In the telecommunications sector, NTT DoCoMo was down 2.2 percent to ¥180,000. Softbank dropped 2.5 percent to ¥2,590. The declines came as investors were wary of a possible price war among mobile phone carriers. KDDI, on the other hand, added 1 percent to ¥735,000 after declines on Tuesday.

The electronics sector saw declines as well, with NEC 6 percent lower to ¥639 on the announcement that it will abandon US accounting standards and use Japanese rules, which are less demanding, instead. The move came after it did not file its report for the quarter ending in March on time with the US Securities and Exchange Commission.

Consumer finance companies were hurt when Japan’s ruling Liberal Democratic Party dropped a plan that would have let the lenders charge more than the maximum allowable interest on some loans. Acom dropped 4.9 percent to ¥4,490, while Takefuji fell 5 percent to ¥4,520 and Aiful was 7.2 percent lower to ¥4,140.

The securities sector was 3.2 percent lower as a whole, with Nomura dropping 2.5 percent to ¥2,165 as investors worried about what its quarterly report would reveal. Their fears were borne out when the securities house’s report showed that profits were down by 28.5 percent in its second quarter. Daiwa Securities, meanwhile, fell 4.1 percent to ¥1,381.

The real estate sector helped Tokyo equities markets to gains on Monday, with the Nikkei 225 closing at 16,788.82, up 0.8 percent, and the Topix index adding 0.9 percent to 1,659.39. Elsewhere, the Mothers index of small and mid-cap stocks gained 2.6 percent to 1,239.76.

The banking sector was up as well, advancing 1.6 percent as a whole, benefiting from the fact that as the earnings season begins banks are nearly the last sector to report. Mitsubishi UFJ was 1.3 percent higher to ¥1,510,000.

Real estate, besides still taking advantage of signs that property prices in Japan are continuing to climb, were helped when Goldman Sachs raised the target share prices of the three largest companies in the sector last week. Mitsubishi Estate added 3 percent on the session to ¥2,955, while Mitsu Fudosan gained 3.3 percent to ¥3,020 and Sumitomo Realty & Development was 4.2 percent higher to ¥3,990.

The telecommunications sector was mixed. KDDI dropped 0.9 percent to ¥784,000. On the other hand, NTT DoCoMo added 0.5 percent to ¥188,000 and Softbank was up 3.5 percent to ¥2,685 ahead of an announcement concerning its mobile phone unit.

Construction machinery manufacturer Komatsu was 4.3 percent lower to ¥2,120 after a disappointing quarterly report from Caterpillar in the United States.

The main Tokyo equities markets were lower on Thursday, with the Nikkei 225 down 0.6 percent to 16,551.36 and the Topix index 0.2 percent lower to 1,635.77. However, the Mothers index of small and mid-caps gained 0.8 percent to 1,235.93.

The consumer finance sector was mixed again. There is some feeling that earlier declines have left share prices in the sector undervalued, but early gains on the session were lost for some. Aiful added 0.2 percent to ¥4,510, while Promise gained 0.5 percent to ¥4,310 and Takefuji was up 1.7 percent to ¥4,820. On the other hand, Credit Saison dropped 0.4 percent to ¥4,920.

Real estate was mixed as well, with the sector as a whole up 0.5 percent on the session as signs continue that property prices are rising all over Japan. While Mitsubishi Estate and Mitsui Fudosan each added 0.2 percent, to ¥2,860 and ¥2,895, Sumitomo Realty & Development was 0.5 percent lower to ¥3,790.

Among export-focused stocks, the semiconductors sector saw losses after the US sector declined on bad news from Intel, which issued a lower capital spending forecast. Tokyo Electron fell 3 percent to ¥9,010, while Advantest dropped 4.4 percent to ¥6,070.

In the Tokyo equities markets on Tuesday both the Nikkei 225 and the Topix index dropped 0.5 percent on the session, to 16,611.59 and 1,637.95 respectively, while the Mothers index of small and mid-cap stocks dropped 0.3 percent to 1,178.26. Much of the declines were due to profit-taking after recent gains.

The consumer finance sector was mixed. Aiful added 1.4 percent to ¥4,320 and Credit Saison was 2.1 percent higher to ¥4,900. On the losing side of the ledger, Jaccs dropped 2.2 percent to ¥915, Promise was 3.7 percent lower to ¥4,200, and Takefuji fell 4.3 percent to ¥4,640.

NTT Data, the data unit of NTT, was 3.2 percent lower to ¥571,000 on a downgrade from “buy” to “neutral from Merrill Lynch after its share price met the broker’s target.

The transport equipment sector dropped 1.4 percent as the yen strengthened. Toyota declined even more than the average, falling 1.7 percent to ¥6,770.

Sony, which had rebounded somewhat recently, dropped 1.8 percent to ¥4,790, as the effect of battery recalls, delays, and a claim for damages from one laptop maker that used its batteries accumulated.

Equities markets in Tokyo were higher on Monday as investors looked for bargains. The Nikkei 225 was 0.9 percent higher to 16,692.76, while the Topix index gained 1.1 percent to 1,646.05. The Mothers index of small and mid-cap stocks also saw gains, adding 3.6 percent to 1,181.33.

Consumer finance stocks benefited from the search for good buys. Aiful was up 4.2 percent to ¥4,260 on an upgrade from “sell” to “hold” from Deutsche Securities. Jaccs, which was hurt recently by a profits warning, gained 4.5 percent to ¥936.

The retail sector was 1.4 percent higher as a whole. Seven & I added 1 percent to ¥3,920, while Aeon was 1.3 percent higher to ¥2,795 on the news that its in partnership talks with Daiei. Department store chains Daimaru and Mitsukoshi were 2.8 and 2.9 percent higher, to ¥562 and ¥413 respectively.

In the electronics sector, Sony shared in help from a weak yen, adding 2.5 percent to ¥4,880. The consumer electronics and entertainment conglomerate also benefited from an upgrade from “equal weight” to “overweight” from Morgan Stanley. Sony’s gains came even though Toshiba is asking for damages over a recall of Sony batteries used in its products.

Another export-focused company, construction equipment manufacturer Komatsu, added 1.9 percent to ¥2,180.

Tokyo equities markets were higher on Friday. The Nikkei 225 added 1 percent to 16,536.54, it’s highest close in five months, while the Topix index added 0.9 percent to 1,628.00. The Mother’s index of small and mid-cap stocks added 5.3 percent to 1,140.02 after losses at the beginning of the week.

The retail sector saw a number of gains. Seven & I was 2.6 percent higher to ¥3,880. Aeon added 3.6 percent to ¥2,760 after it was reported that it would purchase a stake in Daiei, which was up 3.7 percent to ¥1,955 on the news. Aeon later said it would discuss buying 15 percent of Daiei. Discount retail chain Don Quijote gained 7.2 percent to ¥2,310 on an upgrade from “neutral” to “outperform” from Credit Suisse.

The major exception to the gains by retailers came from Fast Retailing, which dropped 2.90 percent to ¥11,240 even though it said its annual earnings were up by 19 percent and that they would be another 10 percent higher next year. The decline came on a downgrade from Mizuho Securities.

There were gains in the electronics sector, as well, with the exception of game machine manufacturer Sega Sammy, which fell 7.7 percent to ¥3,100 on disappointment with sales of its pachinko machines. Hitachi added 1.3 percent to ¥699, while Matsushita Electric Industrial gained 2.9 percent to ¥2,635 and Sony was 3.7 percent higher to ¥4,760 on an upgrade from “equal weight” to “overweight” from Morgan Stanley.

Declines in the banking sector sent the Tokyo equities markets lower on Thursday, with the Nikkei 225 dropping 0.2 percent to 16,368.81 and the Topix index down 0.5 percent to 1,613.64. Consumer finance companies, however, saw gains on the session.

In the consumer finance sector, Takefuji added 0.9 percent to ¥4,630, while Jaccs was 4.1 percent higher to ¥890 and Aiful advanced 4.4 percent to ¥4,020. Despite the gains in the sector, it was still down for the week.

Canon dropped 2.4 percent to ¥6,510 on a downgrade from “buy” to “hold” from Deutsche Bank, making the cut on the basis of the printer and copier maker’s rising share price. Sony, however, was 1.8 percent higher to ¥4,590 after its joint project with Ericsson to make mobile phones posted much better than expected results in the third quarter.

The banking sector saw declines on the session, falling 2.3 percent as a whole after UBS cut the ratings of several of Japan’s largest financial institutions. The reason given for the downgrades was that spreads between deposits and lending rates have not been improving quickly enough. SMFG dropped 1.6 percent to ¥1,240,000, while Mizuho Financial fell 2 percent to ¥906,000, Mitsubishi UFJ was 3.2 percent lower to ¥1,530,000, and Sumitomo Trust and Banking was off by 4.6 percent to ¥1,248.

These declines were partly offset by a 1.3 percent rise in the non-ferrous metals sector after metals prices increased. Sumitomo Metal Mining added 3.5 percent to ¥1,463.

In its first trading day since North Korea claimed to have conducted a nuclear test, the main Tokyo equities markets managed to hold their own as the Nikkei 225 added 0.3 percent to 15,491.65 and the Topix index held steady at 1,634.83. However, the Mothers index of small and mid-cap stocks dropped 4 percent to 1,125.60. Domestically-focused stocks tended to not do as well as export-dependent stocks.

Companies that supply Japan’s defense force did well in the wake of uncertainty over what North Korea’s claims mean for Japan. Ishikawa Seisakusho, which makes textile-making machines and defense equipment, was 5.5 percent higher to ¥173.

One domestic sector that was able to maintain gains was real estate, which is still benefiting from the general upward trend of Japanese land prices. Mitsubishi Estate added 0.9 percent to ¥2,805, while Mitsui Fudosan gained 1.5 percent to ¥2,790. Retail, however, was down 1.6 percent as a sector, with general retailer Seven & I down 1.8 percent to ¥3,840.

With machinery orders down more than expected, the sector dropped 0.7 percent and construction machinery manufacturer Komatsu was 1.4 percent lower to ¥2,095.

The electronics sector was higher on the session. Toshiba added 2 percent to ¥721, while Sharp gained 2.5 percent to ¥2,075 and NEC Electronics was 3.6 percent higher to ¥4,040.