Japan seen hiking sales tax to 10 percent in October, fourth-quarter GDP to contract: Reuters poll [Reuters]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
Company Research
Source: Reuters
Japan seen hiking sales tax to 10 percent in October, fourth-quarter GDP to contract: Reuters poll TOKYO (Reuters) - Japan will forge ahead with a planned sales tax hike to 10 percent in October, likely knocking the economy into contraction in the fourth quarter, a Reuters poll showed. Tokyo has twice postponed raising the sales tax from 8 percent but Prime Minister Shinzo Abe has repeatedly said the hike will proceed this time. To blunt its economic impact, the government has earmarked about 2 trillion yen ($18 billion) in spending. Authorities say the move is needed to cover growing social welfare costs as the population rapidly ages. Forty of 41 economists expect the levy will be raised as scheduled, according to the poll, which was conducted April 2-11. “There are no reasons to postpone the tax hike at the moment,” said Takumi Tsunoda, senior economist at Shinkin Central Bank Research Institute. He pointed out the 2014 tax increase, from 5 percent to 8 percent, was larger and said
Show less
Read more
Impact Snapshot
Event Time:
SMFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMFG alerts
High impacting Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) news events
Weekly update
A roundup of the hottest topics
SMFG
News
- Takeda, Astellas and Sumitomo Mitsui Banking Announce Master Agreement to Establish Joint Venture Company for Incubation of Early Drug Discovery Programs [Yahoo! Finance]Yahoo! Finance
- Record Yen Shorts Boost Odds Currency to Jump on Position Cuts [BNN Bloomberg (Canada)]BNN Bloomberg
- Turkey's Ziraat Bank Gets Record $1.7 Billion Syndicated Loan [BNN Bloomberg (Canada)]BNN Bloomberg
- More Economists See BOJ Rate Hike in October, Flag July Risk [Yahoo! Finance]Yahoo! Finance
- More Economists See BOJ Rate Hike in October, Flag July Risk [BNN Bloomberg (Canada)]BNN Bloomberg
SMFG
Sec Filings
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/25/24 - Form 6-K
- SMFG's page on the SEC website