Economy · News reference
Shares of U.S.-listed Japanese banking companies are trading higher, possibly as the U.S. helps prop up the Japanese Yen, which has struggled due to climbing inflation and oil shortages. Investors may be anticipating that the Bank of Japan may hike rates in September or October.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Shares of U.S.-listed Japanese banking companies are trading higher after Japanese 10-year government bond yields rose to a 30-year high, raising expectations of additional interest rate hikes that would boost bank lending margins.
Shares of U.S.-listed Japanese banking companies are trading lower. The Bank of Japan raised its interest rate to a 31-year high to counter persistent inflation spurred by climbing energy prices and global supply constraints.
Shares of banking companies are trading lower amid overall market weakness after Fed Chairman Warsh took a hawkish tone in his press conference and Q&A session after the FOMC rate hike.