Top Japan Bankers Predict More Share Gains, BOJ Rates at 1% [BNN Bloomberg (Canada)]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
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Source: BNN Bloomberg
Toru Nakashima, the chief executive officer of Sumitomo Mitsui Financial Group Inc., said he expects the Bank of Japan to raise interest rates to 1%, while his counterpart at Mitsubishi UFJ Financial Group Inc., Hironori Kamezawa, said the rate is likely to rise to at least that level, from 0.25%. Nomura Holdings Inc.'s CEO Kentaro Okuda said the Nikkei 225 Stock Average may rise above 40,000 by the end of the year, a prediction he shared with Masahiro Kihara, CEO of Mizuho Financial Group Inc. That would be a 6% gain from current levels. The executives spoke at a Nikkei financial forum in Tokyo. They gathered a day after Shigeru Ishiba became Japan's new prime minister. In the run-up to his election, uncertainties over the next administration's stance on monetary policy caused sharp swings in stocks, bonds and the yen. Domestic banks will get an earning boost if the BOJ raises interest rates further, allowing them to charge more on a variety of lending from corporate loans to mo
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- More Stocks Trade Below Book Value in Japan Despite Reforms [Yahoo! Finance]Yahoo! Finance
- Top Japan Bankers Predict Share Gains, BOJ Rates at 1% [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Toyota chairman coming under pressure due to scandals [Yahoo! Finance]Yahoo! Finance
- Here's why Japan's stocks are plunging after Shigeru Ishiba's win [CNBC]CNBC
- SMBC Group and Infcurion Sign Capital and Business AlliancePR Web
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