Traders Face Showdown With Kuroda as BOJ Policy Rips Every Asset [Financial Post (Toronto, Ontario, 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: Financial Post
(Bloomberg) — The yen sinking to even deeper lows. Short sellers driving Japanese bond yields through the central bank’s target. Stocks on a rollercoaster ride and credit investors running for the sidelines. Advertisement 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.
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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