Japan Bank Shares Rise as 10-Year JGB Yield Hits Nearly One-Month High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
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Source: WSJ
Bank Stocks Performance: Japanese bank stocks experienced a rise of 2% on the Tokyo Stock Exchange as the yield on 10-year Japanese government bonds hit a nearly one-month high.
Leading Banks: Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group were among the top performers, with increases of 2.1% and 1.9%, respectively, while smaller regional banks also saw gains.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
