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Japanese Banks Well Placed to Join Nikkei's Takaichi Euphoria, Say Analysts
Takaichi's backing of fiscal stimulus and delayed interest rate hikes may limit bank profits despite a 47% rally since March 2024, analysts say.
5 Articles
5 Articles
The leader of the Liberal Democratic Party (LDP) in Japan was, for the first time, a 64-year-old woman, Sanae Takaiti, who won an intra-party vote, bypassing her rival, the 44-year-old Minister of Agriculture, Shinjiro Koizumi, and is expected to be appointed Prime Minister by the Japanese Parliament on 15 October.
Japanese banks well placed to join Nikkei's Takaichi euphoria, say analysts
TOKYO :The "Takaichi trade" that propelled Japanese stocks to record highs this week passed by the banking sector, which heavily underperformed the market as investors, bracing for Sanae Takaichi as the nation's new leader, repriced their exposure.But not for long, some analysts say, as the economic landscape
Japanese banks well placed to join Nikkei’s Takaichi euphoria, say analysts - Regional Media News
By Anton Bridge TOKYO (Reuters) -The “Takaichi trade” that propelled Japanese stocks to record highs this week passed by the banking sector, which heavily underperformed the market as investors, bracing for Sanae Takaichi as the nation’s new leader, repriced their exposure. But not for long, some analysts say, as the economic landscape under a Takaichi government is likely to buoy finance. Markets have homed in on Takaichi’s support for fiscal s…
Sanae Takaichi is the first female president of the Liberal Democratic Party since its founding, and is expected to soon become Japan's first female prime minister. In a world that has long been male-dominated, the fact that a woman has risen to the top marks the first time the glass ceiling has been broken...
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