Nikkei slips on Monday

<p>The Nikkei index dipped yesterday.</p>

The Nikkei was down yesterday (March 11th) as investors cashed in on their profits after a period of solid gains.

Asia's benchmark Nikkei 225 index slipped 34.24 points to 12,314.81, which brought a run of eight days in a row of growth to an end, reports Business Recorder.

"Players cashed in on recent gains towards the end of the day's trading," said Hirokazu Fujiki, strategist at Okasan Securities.

But he stated this does not mean the "bullish" attitude of Nikkei investors has been reversed and he predicted that the market will once again reach higher levels ahead of the next Bank of Japan meeting.

Haruhiko Kuroda, a finance veteran and current Asian Development Bank head, is expected to be confirmed by parliament in the coming days.

The Nikkei has been enjoying a strong period after the news earlier in the month that Japan's economy has climbed out of recession.

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