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There's a general sense of caution as we look ahead to tomorrow's CPI and as we approach the end of the month, which is actually the end of the financial year for most listed stocks, it would unquestionably be more desirable for policymakers in Japan to end the month on a higher note than we're seeing right now. Unless the yen weakens substantially between now and the end of March, I imagine the Nikkei will have a hard time holding its current position.

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