Shares of US-listed Japanese banks are trading lower, possibly on flat BoJ Core CPI data. Governor of the Bank of Japan, Kazuo Ueda, has reportedly said the BOJ will raise rates if inflation remains on track to hit 2%.
Portfolio Pulse from Benzinga Newsdesk
Shares of US-listed Japanese banks are trading lower due to flat BoJ Core CPI data. BoJ Governor Kazuo Ueda indicated potential rate hikes if inflation targets are met.
September 25, 2024 | 2:51 pm
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NEGATIVE IMPACT
Mizuho Financial Group's shares are trading lower due to flat BoJ Core CPI data and potential rate hikes if inflation targets are met.
MFG shares are affected by the BoJ's monetary policy outlook. Flat CPI data suggests no immediate inflation pressure, but potential rate hikes could impact MFG's cost of borrowing and profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Mitsubishi UFJ Financial Group's shares are trading lower due to flat BoJ Core CPI data and potential rate hikes if inflation targets are met.
MUFG shares are influenced by the BoJ's policy stance. Flat CPI data indicates stable inflation, but potential rate hikes could increase borrowing costs, impacting profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Sumitomo Mitsui Financial Group's shares are trading lower due to flat BoJ Core CPI data and potential rate hikes if inflation targets are met.
SMFG shares are impacted by the BoJ's inflation and rate outlook. Flat CPI data suggests stable inflation, but potential rate hikes could raise borrowing costs, affecting profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80