BOJ credibility at risk as its stock portfolio on verge of losses [Reuters]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Reuters
Bank of Japan credibility at risk as its stock portfolio on verge of losses TOKYO (Reuters) - The Bank of Japan may be close to losses on its 29 trillion yen ($279 billion) stock portfolio, analysts say, raising concerns about its credibility and the sustainability of its hyper-easy monetary policy. Japan shares plumbed three-year lows on Tuesday, but erased losses on hopes of more policy support to mitigate the economic impact of the coronavirus outbreak. The Nikkei average .N225 fell to as low as 18,891, its lowest since April 2017, before ending up 0.86% at 19,867. The precipitous fall spooked investors as the Nikkei dropped below 19,500, a level that market players consider as the average cost of the BOJ’s massive stock purchase since 2013. Responding to questions in parliament, BOJ Governor Haruhiko Kuroda said the average cost of its exchange-traded fund (ETF) purchases was equivalent to around 19,500 in the Nikkei. “A consistent drop of the market below this level would put int
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- Japan's MUFG mulls sweeter offer for India's HDB Financial, Bloomberg News reports [Reuters]Reuters
MUFG
Sec Filings
- 4/17/24 - Form 6-K
- 4/9/24 - Form 424B2
- 4/9/24 - Form FWP
- MUFG's page on the SEC website