Shares of Japanese banks are trading higher following comments from the Bank of Japan suggesting a possible end to negative rates.
Portfolio Pulse from Bill Haddad
Shares of Japanese banks, including MUFG and SMFG, are trading higher following comments from the Bank of Japan suggesting a possible end to negative rates. The bank suggested that if policymakers become confident that prices and wages will keep going up sustainably, an end to negative interest rates is possible.
September 11, 2023 | 5:14 pm
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POSITIVE IMPACT
Shares of MUFG are trading higher due to the Bank of Japan's comments about a possible end to negative rates.
The Bank of Japan's comments about a possible end to negative rates have led to a rise in the shares of MUFG. This is because higher interest rates can lead to higher net interest margins for banks, which can increase their profitability.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Shares of SMFG are trading higher due to the Bank of Japan's comments about a possible end to negative rates.
The Bank of Japan's comments about a possible end to negative rates have led to a rise in the shares of SMFG. This is because higher interest rates can lead to higher net interest margins for banks, which can increase their profitability.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80