- Bloomberg
Janus Henderson Bets on Still-Cheap Japanese Financial Stocks
(Bloomberg) -- Japanese financial firms still look undervalued despite their steady gains in the past year, with rising dividend payments making them a good investment, according to a Janus Henderson Investors portfolio manager. Most Read from BloombergMusk to Ban Apple Devices If OpenAI Is Integrated Into OSRussia Is Sending Young Africans to Die in Its War Against UkraineNYC Landlord to Sell Office Building at Roughly 67% DiscountApple’s ‘AI for the Rest of Us’ Plan Gets Lukewarm ReactionJunic
- Reuters
Japan banks to begin divesting their strategic Toyota shareholdings, Bloomberg reports
Japan's two biggest banks will start divesting their strategic shareholdings in Toyota Motor - worth a combined $8.5 billion - and will seek to sell into the automaker's planned share buybacks, Bloomberg News reported on Friday, citing sources. Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG) have said they plan to sell down their cross-shareholdings over time.
- Reuters
UPDATE 4-Big Japan banks forecast record profits, signal optimism as domestic rates normalise
Japan's three biggest banks forecast record income in the coming year on Wednesday, signalling increased optimism about an economy that has only just exited from years of negative interest rates. The results from Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group also show how Japanese banks are benefiting from higher interest rates in overseas markets, such as the United States, as well as a weaker yen, which inflates profits when earnings from abroad are brought home.
