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Stock impact report

Top-Performing Japan Fund Favors Banks on More BOJ Rate Hikes [Yahoo! Finance]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Yahoo! Finance
the nation's lenders and construction companies after the central bank ended negative interest rates. Most Read from Bloomberg NY Gears Up to Seize Trump Westchester Assets If Fraud Fine Is Unpaid Baltimore Wants to Sell Hundreds of Vacant Homes for $1 Each Justice Department to Sue Apple for Antitrust Violations as Soon as Thursday Yemen's Houthis Tell China, Russia Their Ships Won't Be Targeted What Happens If Trump Can't Post His $454 Million Bond Lenders are attractive because their loan margins will increase after the Bank of Japan hiked rates for the first time in 17 years this week, said Yutaka Uda, the president and chief investment officer of Evarich in Tokyo. The monetary policy move is also a sign that the BOJ considers economic growth to be on a solid footing, a plus for builders as well as banks, he said. “Some say bank shares may be over for now as major market movers, but there's no way that's true,” said Uda, who has overseen Japanese stocks for more th Show less Read more
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