Shares of Japanese banks are trading higher following a report suggesting the BOJ will discuss a yield curve control tweak to allow rates over 0.5%.
Portfolio Pulse from Benzinga Newsdesk
Shares of Japanese banks are trading higher following a report suggesting the Bank of Japan (BOJ) will discuss a yield curve control tweak to allow rates over 0.5%.
July 28, 2023 | 4:13 pm
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POSITIVE IMPACT
Mizuho Financial Group (MFG) shares are trading higher due to the BOJ's potential yield curve control tweak.
The BOJ's potential yield curve control tweak could allow for higher interest rates, which would likely increase the profitability of banks like MFG. This has led to an increase in MFG's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Mitsubishi UFJ Financial Group (MUFG) shares are trading higher due to the BOJ's potential yield curve control tweak.
The BOJ's potential yield curve control tweak could allow for higher interest rates, which would likely increase the profitability of banks like MUFG. This has led to an increase in MUFG's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sumitomo Mitsui Financial Group (SMFG) shares are trading higher due to the BOJ's potential yield curve control tweak.
The BOJ's potential yield curve control tweak could allow for higher interest rates, which would likely increase the profitability of banks like SMFG. This has led to an increase in SMFG's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100