Traders Face Showdown With Kuroda as BOJ Policy Rips Every Asset [Business News Network (BNN) (Canada)]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
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Source: Business News Network
Stocks on a rollercoaster ride and credit investors running for the sidelines. These are some of the scenarios investors envisage as Haruhiko Kuroda doggedly clings to ultra-low interest rates in his final nine months as Bank of Japan governor. His clash with markets looks set to intensify as runaway inflation forces global rates higher while he tries to resist long enough to entrench price gains in Japan. “It all comes down to the BOJ's policy and the weakness of the yen,” said Amir Anvarzadeh, a strategist at Asymmetric Advisors Pte, who has tracked Japanese markets closely for three decades. “How the BOJ navigates monetary policy and inflation will impact everything from stocks to credit and provide opportunities to short JGBs -- it will keep happening until their view on rates changes.” In the meantime, Wall Street is lining up its bets. Brown Brothers Harriman & Co. tips the yen to slump past 140 versus the dollar -- a view shared by hedge funds and one that implies the B
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News
- Traders Favor One BOE Cut in 2024 After Hot Inflation Data [BNN Bloomberg (Canada)]BNN Bloomberg
- FOREX-US dollar surges vs yen to highest since mid-1990 after hotter-than-expected inflation data [Yahoo! Finance]Yahoo! Finance
- March US CPI surprise may stay Fed's hand on June cut [Reuters]Reuters
- Japan's real wages fall for 23rd straight month, dampening Bank of Japan's hopes for ‘virtuous cycle' [CNBC]CNBC
- Japan bond yields track US peers higher [Yahoo! Finance]Yahoo! Finance
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