Reported 3 months ago
Japanese bank stocks experienced their largest surge since December 2022 following reports that the Bank of Japan (BOJ) is considering increasing interest rates. The Topix Banks Index rose by 4.7%, driven by expectations that higher rates will enhance lenders' interest income. The BOJ raised its policy rate to approximately 0.25% and plans to reduce bond purchases, further fueling the market's optimistic outlook for bank shares.
Source: YAHOO