Japan's $4 Trillion Offshore Funds Will Ignore First BOJ Hike [BNN Bloomberg (Canada)]
SUMITOMO MITSUI TR S/ADR (SUTNY)
NASDAQ:AMEX Investor Relations:
smtb.jp/tools/english
Company Research
Source: BNN Bloomberg
Only about 40% of 273 respondents said the first interest-rate hike by the Bank of Japan since 2007 will prompt the nation's investors to sell foreign assets and repatriate the proceeds back home. That's good news for US stocks and bonds. A limited rise in the BOJ's policy rate may keep yield gaps between the Asian nation and other major economies too wide for Japanese investors to cross. That's likely to soothe concerns that a historic shift in policy will have a profound impact worldwide due to their massive $4.43 trillion holdings of foreign securities. “We're seeing large retail outflows into foreign bonds and equities and I don't think the end of the BOJ's sub-zero rate policy will change this trend,” said Hideo Shimomura, a senior portfolio manager at Fivestar Asset Management Co. Japanese money headed to the US and the Cayman Islands over the past decade or so, seeking higher returns. Even amid mounting speculation about a BOJ policy change, Japanese investors bought ¥
Show less
Read more
Impact Snapshot
Event Time:
SUTNY
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
SUTNY 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
SUTNY alerts
High impacting SUMITOMO MITSUI TR S/ADR news events
Weekly update
A roundup of the hottest topics
SUTNY
News
- Sumitomo Mitsui Trust Asset Management Adopts DTCC's ITP Services as Industry Prepares for U.S. Move to T+1 [Yahoo! Finance]Yahoo! Finance
- JGB yields track US peers higher as Fed rate cut hopes fade [Yahoo! Finance]Yahoo! Finance
- JGB yields rebound; short end hits multi-year peaks [Yahoo! Finance]Yahoo! Finance
- Historic BOJ Move Drives Up Short-Term Costs for Japanese Firms [BNN Bloomberg (Canada)]BNN Bloomberg
- JGB yields slip as investors scoop up bonds on dip [Yahoo! Finance]Yahoo! Finance