Shares of Japanese banks are trading lower. The Nikkei fell after Japan's Q4 GDP was revised up, showing the country averted a technical recession and raising expectations the Bank of Japan could move away from negative rates.
Portfolio Pulse from Benzinga Newsdesk
Japanese bank stocks are trading lower following the Nikkei's decline after Japan's Q4 GDP revision upwards, indicating avoidance of a technical recession. This has led to increased expectations that the Bank of Japan might shift from negative interest rates.
March 11, 2024 | 1:21 pm
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NEGATIVE IMPACT
MFG shares are trading lower due to the Nikkei's decline after Japan's positive GDP revision, raising expectations for a policy shift from the Bank of Japan.
MFG's stock price is likely to be negatively impacted in the short term due to the overall market sentiment following the GDP revision and potential policy changes by the Bank of Japan.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MUFG shares are down following the Nikkei's drop after Japan's Q4 GDP showed the country avoided a recession, hinting at a possible end to negative interest rates by the Bank of Japan.
MUFG's stock price is expected to face downward pressure in the short term due to market reactions to Japan's GDP revision and the anticipated policy shift by the Bank of Japan.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NMR shares are trading lower as the Nikkei declines following Japan's Q4 GDP revision, which avoided a technical recession and may lead the Bank of Japan to reconsider negative rates.
NMR's stock price is likely to decrease in the short term due to negative market sentiment following the GDP revision and potential changes in the Bank of Japan's monetary policy.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SMFG shares are down as the Nikkei falls after Japan's positive GDP revision, suggesting the country avoided a recession and raising speculation about the Bank of Japan's policy on negative rates.
SMFG's stock price is expected to be negatively impacted in the short term due to the market's reaction to the GDP revision and the potential for a policy shift by the Bank of Japan.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80