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TOKYO http://www.wholesalevapormaxshoes.com/ , Nov. 26 (Xinhua) -- The Nikkei stock index edged 0.14 percent lower Wednesday as investors opted to secure recent gains following comments made by the Organization for Economic Cooperation and Development (OECD) about Japan's economy souring the market mood.

The Nikkei 225 index dropped 24.04 points, or 0.14 percent, to close at 17,383.58, while the broader Topix index of all First Section issues fell 2.75 points, or 0.20 percent, to finish at 1 nike vapormax china wholesale , 406.40.

Brokers here said that solid performances on other Asian bourses, like China, underpinned the market here, with the market' s downside held by high hopes for Europe and China's moves to further stimulate their respective economies.

That said, the OECD stating Tuesday that Japan needs a " credible plan" to rein in its massive debt to contain the risk that the central bank's recent quantitative easing could cause inflation expectations to spike, weighed on some domestic and institutional investors today, local traders said.

The OECD also warned in its latest economic outlook report that Japan's decision to delay a sales tax increase scheduled for next year by 18 months will initially help growth nike vapormax 2019 wholesale , but may also mean the government will "not meet its deficit reduction target for fiscal 2015."

Expanding its monetary easing program was a move the OECD granted as being "warranted" but said that Japan will unlikely meet its 2 percent inflation target next fiscal year.

"Even if inflation expectations are currently below the inflation target, the de facto monetization of government deficits could raise such expectations abruptly," said the OECD in its report, adding that, "To contain the risk of potential instability, it is essential to produce a detailed and credible long-term consolidation plan."

Japan's Prime Minister Shinzo Abe opted last week to shelve a sales tax increase next year to 10 percent after an earlier hike to 8 percent from 5 percent in April essentially sent the economy spiraling into recession, causing Abe to dissolve parliament last Friday and call a snap election in a bid to gain public support for the future of his somewhat precarious Abenomics economic policy blend.

Abe said that if he fails to secure a majority in the lower house new nike vapormax wholesale , he will relinquish his leadership.

With the OECD's remarks and political uncertainty weighing, to some degree, on the market, coupled with falling prices for crude, equities analysts said the market was showing signs of short-term overheating and, as such, investors were opting to secure profits Wednesday.

"There's some short-term overheating in stocks at the moment. We can expect support from things like the Bank of Japan's buying of exchange-traded funds when stocks fall cheap nike vapormax wholesale , but I expect profit- taking as well," said Hiroichi Nishi, an equities manager at SMBC Nikko Securities Inc. in Tokyo.

Nishi's remarks about the BOJ came as the central bank Wednesday said that its profit had soared 47 percent, with its assets leaping 33 percent in the six months through September from a year earlier, buoyed by the bank's recent expansion of its huge asset purchasing program.

The BOJ said that its net income totaled 588 billion yen (about 5 billion U.S. dollars), marking the highest level since the same period in 2001. The bank added that its revenue from government bonds climbed 45 percent, and foreign-currency assets advanced 10 percent nike air vapormax wholesale , owing to the yen's weakness.

As of the end of September, the central bank had 277 trillion yen in assets, it announced today in Tokyo.

Traders said that news today from the Tokyo Stock Exchange that it has decided to indefinitely postpone a plan to hold a two-hour evening session, as a means to boosting the bourse's competitiveness with those in the U.S. and Europe, had little effect on trading.

Under increasing pressure to compete with larger global bourses, representatives from the TSE initially convened and tabled the idea of opening a session from 9 p.m. to 11 p.m. to compensate for the fact that the TSE operates for about an hour and a half less than other major bourses per day.

But the notion was spurned by some investors, who said that the additional costs needed for staff would outweigh the potential benefits.

Retail investors trading online were in favor of the idea of nighttime trading nike vapormax shoes wholesale , the TSE said in a statement earlier, but domestic brokers and institutional investors had the final say, TSE representatives said.

"The TSE has today decided not to extend its trading hours. While many retail investors who trade through the internet expressed a preference for night-time trading, the idea did not garner sufficient support from other retail investors, as well as domestic and international institutional investors," the TSE said in a statement, adding that shares could be priced unfairly if there was a lack of volume in nighttime sessions.

"But this conclusion is not our final answer to the issue nike vapormax wholesale , and we will keep studying the possibility of extending trading hours, as conditions in the market change over time," the TSE said.

In share trading, mining-related issues came under pressure, owing to a slide in prices for oil, and exploration giant Index sank 2.2 percent to 1,393 yen, while Japan Petroleum Exploration lost 2 percent to finish at 3,975 yen. Taiyo Nippon Sanso, meanwhile, plummeted 11 percent to end the day at 1,429 yen.

Nippon Light Metal was notable gainer, climbing 6.6 percent to 179 yen, following media reports that auto giant Toyota will start to use aluminum instead of steel for some of its body work on its high-end Lexus models from 2017#9# in a bid to improve the luxury cars' fuel efficiency.

Daiki Aluminum Industry also found traction, jumping 10.6 percent to 335 yen, while UACJ, also an aluminum manufacturer, leapt 8.7 percent to close at 363 yen.

But Nagoya Railroad was a notable decliner, reversing 5.7 perceLatest News on Ditchers. Cheap Vapormax Shoes Cheap Air Vapormax Cheap Nike Air Max Cheap Air Max 90 Womens Cheap Air Max 90 Black Cheap Nike Air Force 1 Cheap Nike Air Force 1 Lv8 Cheap Nike Air Force 1 High Cheap Nike Air Force 1 Black Cheap Nike Air Force 1 Womens