In today’s briefing:
- Japanese Bigger-Cap Banks – Rates Story Continues, with the Prospect of Equity Holdings Disposals
Japanese Bigger-Cap Banks – Rates Story Continues, with the Prospect of Equity Holdings Disposals
- The continued “higher for longer” interest rates in the US, along with widening JGB yields adds weight to the Bank of Japan potentially raising benchmark rates further
- In this report, we expand our coverage of the bigger cap banks’ metrics to include the equity holdings of the top six market caps and the banks’ BoJ deposits
- We see further upside for Japanese bank shares, especially those geared into higher domestic rates and with the potential for equity holdings disposals; we like Resona, Mizuho, SMFG and Concordia
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