Financial Times (November 15)
2023/ 11/ 15 by jd in Global News
“One of Asia’s sleepiest investment sectors has outperformed tech stocks.” Share prices have soared at Japanese banks and their earnings now “confirm the prescience of that rally…. Earnings at Japan’s five biggest banking groups rose 56 per cent to a record of about ¥2tn ($13bn).” Higher spreads and buybacks are part of the equation, “but the biggest driver of the rally has been rising hopes that the central bank may end its ultra-easy monetary policy soon.”
Tags: Asia, Banks, BOJ, Buybacks, Earnings, Investment, Japan, Outperformed, Rally, Share prices, Soared, Spreads, Tech stocks
