Gokigen Tuned

-- English Today, after the stock market closed, Sumitomo Mitsui's financial results were not particularly promising, with operating revenue increasing by 70.7%, operating profit decreasing by 0.2%, and net profit for the quarter decreasing by 1.8%. However, it seems to be considered not too bad, as in the Japanese after-market called PTS, after initially falling to 6,500 yen per share, it rose to 6,694 yen per share at 22:49 on 7/31 UTC + 9. The market had been expecting an effective 1% rate hike due to the Bank of Japan Governor Ueda's Yield Curve Control modification, but a buy operation was initiated and the interest rate was guided downwards. Personally, I think this may be a judgment that they cannot suddenly break the strategy that has aimed to improve Japan's export capabilities due to a weak yen. At this rate, the so-called mega banks in Japan might see improved performance in the future, but it's still too early to be optimistic. Performance may gradually impr...

Following the announcement regarding Yield Curve Control (YCC) by the governor of the Bank of Japan on July 28th, banking stocks in Japan experienced a surge on the day. Of these, Mitsubishi UFJ Financial Group stood out with a rise exceeding 5% compared to the previous day. From my understanding, it seems that many believe there is actually room for Japan's bond yields to increase. Meanwhile, the exchange rate, which was at one point at ¥138.80 per dollar, touched on a stronger yen at ¥141 per dollar before leaning back towards a weaker yen. Though Japan's international interest rate seems to be on the rise, when viewed against the dollar, the difference with the high yield of U.S. bonds doesn't seem to be narrowing that much. I believe that Governor Ueda of the Bank of Japan conducted a splendid control of the overall economic recovery growth, maintaining his policy of a weaker yen for the economy, but without going too far. Now, as for the title of this article, Mitsubis...