Japan's financial indiscipline amid rising inflation may disrupt its bond market, a senior executive of top lender Mitsubishi UFJ Financial Group said, in the wake of market expectations of an eventual end to ultra-low interest rates. The benchmark 10-year Japanese government bond (JGB) yield hit a decade-high of 0.805% this week, approaching the Bank of Japan's hard cap of 1.0% partly on simmering speculation the bank will soon phase out its massive stimulus programme. Globally bonds have been heavily sold for weeks - prompting the Bank of Japan to step in to steady the JGB market - as investors reckon on interest rates around the world staying elevated.
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Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 1,901,976 shares traded hands during trading, a decline of 54% from the previous session’s volume of 4,177,209 shares.The stock last traded at $8.85 and had previously closed at $8.73. Analyst Upgrades and Downgrades A number […]
Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $8.98, but opened at $8.68. Mitsubishi UFJ Financial Group shares last traded at $8.73, with a volume of 347,342 shares trading hands. Analyst Upgrades and Downgrades Several equities research analysts have […]
Harbour Capital Advisors LLC boosted its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 9.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 71,060 shares of the company’s stock after acquiring an additional 5,960 shares during the quarter. Harbour Capital Advisors LLC’s […]
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A U.S. factory construction boom driven by tax credits in the Inflation Reduction Act (IRA) is helping Mitsubishi UFJ Financial Group (MUFG) to shore up its dominance in project finance, a senior executive at the top Japanese lender said. MUFG ranked No. 1 in U.S. project finance loans for 13 straight years, as it took advantage to bridge the gap created by the 2008 global financial crisis that forced U.S. and European rivals to cut risk-weighted assets on their balance sheets. The bank's experience through tough times and retained capabilities have put it in a strong position to benefit from a recent surge in project finance deals, Fumitaka Nakahama, the chief of MUFG's global corporate and investment banking, told Reuters.