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☆ Activist Elliott calls for a big buyback at Mitsui Fudosan — 3 ways the company may create value
▼ + stars: | 2024-03-02 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Business: Mitsui Fudosan is a Japan-based company engaged in the real estate business. Even as a commercial real estate company, Mitsui Fudosan does possess some brand power, which translates to premium pricing power. Mitsui Fudosan is grappling with a low valuation and return on equity in absolute terms and relative to peers. Right now, Mitsui Fudosan has 0.65 times price to adjusted book value (for real estate companies) and the lowest ROE among its peers. There are three things Mitsui Fudosan can do right away to create value for shareholders.

Persons: Elliott, Palliser, ROE, debatably, Dai, Takashi Ueda, Ken Squire Organizations: Mitsui Fudosan, Mitsui Home, Mitsui, Nikkei, Oriental Land Company, Tokyo, Mitsui Fudosan's, Tokyo Stock Exchange, Keisei Rail, Dai Nippon Printing, Dai Nippon, Services, 13D Locations: Japan, COOs, ValueAct, OLC, OLC .

☆ CNBC Daily Open: Wall Street unfazed by hot inflation data
▼ + stars: | 2024-03-01 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nikkei nears record levelJapan's Nikkei 225 closed just shy of the 40,000 level, hitting a fresh record high of 39,910.82, up 1.9%. Overnight, Wall Street ended on a high note as the Nasdaq Composite hit its first closing record since November 2021, rising 0.9%. [PRO] Europe's 'Super 7'Citi picked "Super 7" European stocks that it said are similar to the "Magnificent 7" U.S. technology stocks but have cheaper valuations leaving more room for them to rise.

Persons: Bob Parker Organizations: CNBC, Nikkei, CSI, Nasdaq, Dow, Ministry of Commerce, Capital Markets Association, Citi Locations: China, U.S, Europe

☆ CNBC Daily Open: Markets brace for Fed's key inflation gauge
▼ + stars: | 2024-02-29 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Overnight, Wall Street ended lower as the 30-stock Dow slipped 0.06% and fell for a third consecutive session. Water scarcity threatens chip makersWater shortages could threaten semiconductor firms such as Taiwan Semiconductor Manufacturing Company, S&P Global Ratings said in a report.

Persons: Dow, Sundar Pichai, Pichai, Ziyu Shen, Eli Lilly, Freddie Lait, Lait Organizations: New York Stock Exchange, Wall, CNBC, CSI, Nikkei, Nasdaq, Google, Taiwan Semiconductor Manufacturing, Nvidia Geely, Nvidia, Novo Nordisk, McKesson Locations: New York City, Asia, U.S

☆ Goldman Sachs reveals the 'Seven Samurai' — Japan's version of the 'Magnificent Seven' stocks
▼ + stars: | 2024-02-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Investors have been bullish on Japan stocks since last year, repeatedly driving them to record highs. Goldman Sachs has named "Seven Samurai" stocks in Japan, which it says could be an equivalent of the United States' "Magnificent Seven." The "Magnificent Seven" comprises Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla , which were behind much of the gains that drove the S & P 500 up a whopping 24% or so in 2023. In a Feb. 18 report, Goldman answered clients' requests for the Japanese equivalent of the "Magnificent Seven." With that criteria, Goldman has come up with a list of seven stocks, and they are: Screen Holdings, Advantest, Disco, Tokyo Electron, Toyota Motor, Subaru and Mitsubishi.

Persons: Goldman Sachs, Goldman, they've, CNBC's Ying Shan Lee Organizations: Nikkei, Apple, Microsoft, Nvidia, Tesla, Screen Holdings, Tokyo Electron, Toyota Motor, Subaru, Mitsubishi, Tokyo Stock Exchange Locations: Japan, United States, Tokyo

☆ Here's how to play Japan stocks, finally hitting a new high after 34 long years
▼ + stars: | 2024-02-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Japan's Nikkei 225 index , a price-weighted index of 225 Japanese stocks, has also hit an historic high. A few months before that, on December 29, 1989, Japan's Nikkei 225 Index hit an historic high that stood until this week. That's about the amount the U.S. stock market dropped at the start of the Great Depression, from 1929 to 1932. .N225 5Y mountain Nikkei 225 Index in past five years. The Japanese stock market took 20 years.

Persons: it's, Japan's, Minoru Isutani, Arnold Palmer, Richard Ferris, Peter Ueberroth, Clint Eastwood, Nori, Bart Wakabayashi Organizations: Nikkei, CNBC, Japan's Nikkei, Mitsubishi, Rockefeller Center, Lone Cypress Company, Sumitomo Bank, Taiheiyo, Lone Cypress, Toyota, Honda, Sony, Hitachi, Nintendo, Sumitomo Mitsui, Japan Hedged Equity, Dow Jones, Tokyo Stock Exchange, Retailing, Softbank, Vision Fund, Foreign, Bank of Japan, White Oak Capital, Reuters Locations: Tokyo, New York, Japanese, California, Japan, U.S, Singapore

☆ Japan's Nikkei surpasses 1989 all-time high on robust corporate earnings, investor-friendly measures
▼ + stars: | 2024-02-22 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +1 min

Japan's Nikkei 225 hit a record high on Thursday as robust corporate profitability and steps aimed at boosting investor returns fuel a blistering rally in Japanese equities this year. The Nikkei 225 hit 38,924.88, surpassing the previous record high of 38,915.87 reached in 1989. Japan Inc's solid third-quarter corporate earnings have prompted Bank of America equity strategists to upgrade their 2024 year-end forecasts for the Nikkei 225 to 41,000 from 38,500. They raised their forecasts for the Topix to 2,850 from 2,715. The rally has also been supported by a weaker yen, which has shed about 6% against the dollar so far this year and seems on track to drop to to 33-year lows touched late last year.

Persons: outperformers Organizations: Nikkei, Bank of Locations: Asia, Japan

☆ CNBC Daily Open: Inflation fight may go down bumpy path
▼ + stars: | 2024-02-15 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Japan's nominal GDP in 2023 totaled 591.48 trillion yen ($4.2 trillion) while Germany's reached 4.12 trillion euros ($4.46 trillion) in the same period. "The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally," Andrew Amolis, wealth analyst at New World Wealth told CNBC. [PRO] Asia's top picksMorgan Stanley has some stock ideas for February which offer what the bank calls "alpha" opportunities.

Persons: Topix, Dow, Germany's, Andrew Amolis, Morgan Stanley Organizations: CNBC, Nikkei, Nasdaq, Henley & Partners, Wealth, Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, Alpha Locations: Asia, Japan, Germany

☆ CNBC Daily Open: Inflation's stubborn staying power
▼ + stars: | 2024-02-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Traders work the floor during morning trading at the New York Stock exchange (NYSE) ahead of the US Federal Reserve's decision on lending rates, in New York on January 31, 2024. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia closed at $721.28 per share, with a market value of $1.78 trillion to Amazon's $1.75 trillion market cap. Bitcoin retreatsCryptocurrencies fell on Tuesday tracking the broader market sell-off. [PRO] Japan's bull caseJapan is fast emerging on investors' radar, and this has been reflected in the stock market's recent bull run.

Persons: Russell, Bob Bakish, Cryptocurrencies, Bitcoin, Jurrien, Morgan Stanley Organizations: New York Stock, Federal, CNBC, Dow, Nasdaq, Nvidia, Amazon Nvidia, Amazon, Paramount, Paramount Global, Metrics, Fidelity Investments Locations: New York, Japan

☆ Will Japan's bull run continue? Here's what the pros say — and how to invest
▼ + stars: | 2024-02-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The enthusiasm for Japan's stocks was reflected on Tuesday when its benchmark index Nikkei 225 climbed to a 34-year high. Will its bull run continue though, and how should investors play this Asian market? Here’s what Wall Street and other pros say, and how to invest — including the stocks to buy. Jeremy Schwartz, global chief investment officer at WisdomTree, told CNBC’s “Squawk Box Asia” on Friday that Japanese stocks are a “catalyst-rich” asset class. How – and what – to invest Global investors may find it more accessible to invest in Japan markets via exchange-traded funds.

Persons: Morgan Stanley, Jesper Koll, Monex, Jeremy Schwartz, CNBC’s, ”, buybacks, ” Schwartz, Eastspring, Oliver Lee, Morgan Stanley’s, Morningstar, Kao, industrials, CNBC's Ganesh Rao Organizations: Nikkei, Eastspring Investments, —, Tokyo Stock Exchange, Ivailo Locations: Japan, China, Tokyo

☆ CNBC Daily Open: Lingering inflation problem
▼ + stars: | 2024-02-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets declineAsia markets largely fell on Wednesday tracking Wall Street's sell-off overnight after U.S. inflation data came in hotter-than-expected in January. Sony tops estimatesSony 's quarterly revenue topped estimates, getting a boost from its PlayStation gaming business and financial services unit. [PRO] Japan's bull caseJapan is fast emerging on investors' radar, and this has been reflected in the stock market's recent bull run.

Persons: Russell, Joko Widodo, Prabowo Subianto, Cryptocurrencies, Bitcoin, Jurrien, Morgan Stanley Organizations: CNBC, Dow, Nasdaq, Sony, PlayStation, Defense, Metrics, Fidelity Investments Locations: Asia, U.S, Indonesia, Japan

☆ CNBC Daily Open: Key inflation data looms with rate cuts in focus
▼ + stars: | 2024-02-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China's confidence problemChina's biggest problem is a "lack of confidence," Standard Chartered CEO Bill Winters told CNBC. "External investors lack confidence in China and domestic savers lack confidence," Winters noted. China, Russia threatA new study showed China and Russia are seen as less of a threat to Western populations now than a year ago.

Persons: Dow, Bill Winters, Winters, Antoni Trenchev, Redmond Wong, Saxo, I'm Organizations: CNBC, Nikkei Locations: U.S, China, Russia

☆ Nikkei briefly breaches 38,000 for the first time since 1990 as it rallies 3%, nears all-time high
▼ + stars: | 2024-02-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Signage for the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), displayed outside the bourse in Tokyo, in Tokyo, Japan, on Monday, Oct. 30, 2023. Photographer: Akio Kon/Bloomberg via Getty ImagesJapan's Nikkei 225 briefly crossed the 38,000 mark for the first time since the asset bubble burst in 1990 as it rallied about 3% and pushed 34-year highs. However, it was unable to sustain its run above 38,000 points, falling minutes before its close to end at 37,963.97, while the Topix climbed 2.12% to 2,612.03, also at a 34-year high. Other Asia-Pacific markets mostly rose as more markets return to trade from the Lunar New Year holiday, including South Korea and Singapore. Japan's corporate goods price index rose 0.2% in January, beating the 0.1% expected by economists polled by Reuters.

Persons: Akio Kon Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, bourse, Bloomberg, Getty, Nikkei, Reuters Locations: Tokyo, Japan, Gaza, Asia, Pacific, South Korea, Singapore

☆ Japan’s Nikkei hits 34-year high
▼ + stars: | 2024-02-13 | by ( ) edition.cnn.com time to read: +2 min

Tokyo Reuters —Japan’s Nikkei share average closed at a fresh 34-year high on Tuesday as trading resumed after a long holiday weekend, with tech-related shares and strong corporate earnings supporting the benchmark stock index. The Nikkei climbed 2.89% to 37,963.97 to its highest since January 1990, after briefly breaching 38,000 points. The broader Topix rose 2.12%. Among other top gainers, Tokio Marine Holdings Inc and MS&AD Insurance Group Holdings Inc gained 11% and 10.82%, respectively. As the Nikkei climbs toward its all-time high, the US consumer price index (CPI) report out later on Tuesday will be in focus.

Persons: SoftBank, “, ” JP Morgan, ”, Charu Chanana Organizations: Tokyo Reuters, Japan’s Nikkei, Nikkei, Tokyo, SoftBank, ARM Holding, Tokio Marine Holdings Inc, Insurance, Holdings, CPI, Saxo Markets, Otsuka Holdings Locations: Tokyo

☆ European markets set to open mixed as investors digest fresh economic data; German inflation falls
▼ + stars: | 2024-02-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

European markets are set to open mixed Friday as investors digest the latest slew of corporate earnings and look ahead to fresh economic data. German inflation fell in January to 3.1%, new data from the the federal statistical office showed Friday. Regional markets closed slightly lower on Thursday as investors digested a slew of earnings from Unilever, Societe Generale, Maersk, Siemens and Adyen. In Asia-Pacific, Japan's Nikkei hit fresh 34-year highs on Friday, while most markets were either fully or partially closed for the Lunar New Year holiday. Stateside, U.S. futures were lower Friday morning after the S&P 500 crossed the historic 5,000 milestone for the first time during intraday trading.

Organizations: Unilever, Societe Generale, Maersk, Siemens, Adyen, Nikkei Locations: Italy, Asia

☆ CNBC Daily Open: U.S. CEOs turn positive on the economy
▼ + stars: | 2024-02-09 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

US President Joe Biden speaks about the economy and the deal between the United Auto Workers (UAW) Union and the big-three automakers, in Belvidere, Illinois, on November 9, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nikkei fresh highsJapan's Nikkei hit new highs on Friday, while most markets in the region were either fully or partially closed for Lunar New Year holidays. Biden pushes backU.S. President Joe Biden in a White House address said his "memory is fine," and disputed a special counsel's claims that he willfully retained classified material at his Delaware home.

Persons: Joe Biden, Dow, Sissie Hsiao, Bard, Biden, Donald Trump, David Sekera Organizations: United Auto Workers, UAW, Union, CNBC, Nikkei, Nasdaq, Google, Bard, Gemini, Bank of Japan, Nevada Republican, NBC Locations: Belvidere , Illinois, Delaware

☆ CNBC Daily Open: Banking troubles again roil markets
▼ + stars: | 2024-02-08 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nikkei ralliesAsia markets mostly rose Thursday, while Japan's Nikkei led gains and hit fresh 34-year highs. Russian oilIndia's energy minister claimed "the world is grateful to India for buying Russian oil," adding the move keeps global crude prices affordable. The country's refiners have been snapping up discounted Russian oil since Moscow's invasion of Ukraine in February 2022.

Persons: China's, VCs, Son's SoftBank, David Gibson Organizations: New York Community Bank, CNBC, Nikkei, Japan's Nikkei, Nasdaq, Dow Jones, Nintendo Analysts, Nintendo Locations: Hicksville , New York, Asia, India, Ukraine

☆ Asia markets mostly fall, Nikkei dips as Japan wholesale inflation in December was flat
▼ + stars: | 2024-01-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets largely fell on Tuesday. Even Japanese stocks, which have been on a record-breaking rally since the start of the year, slipped. The Nikkei fell 0.45% in early trading after Japan's corporate goods price index came in flat year-on-year, compared to a 0.3% fall expected by economists in a Reuters poll. The CGPI also climbed 0.3% month on month in December, compared to expectations it will remain flat. The broad-based Topix also saw a loss of 0.44%.

Persons: Topix Organizations: Nikkei Locations: Asia, Pacific

☆ Japan markets are hitting multi-decade highs — will Nikkei scale its all-time peak?
▼ + stars: | 2024-01-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Bloomberg | Bloomberg | Getty ImagesAfter a tumultuous start to the year, Japan's benchmark Nikkei 225 broke past the 35,000 mark for the first time since February 1990 and has been scaling new 33-year highs. The rally in Japan's equity market, which started on Jan. 5, has also seen the broad-based Topix hitting 33-year highs. Speaking to CNBC, Yeap Jun Rong, market strategist at IG Asia struck an optimistic tone, saying that "all stars seem to be aligned for Japan's stock market." In a note last week, the Bank of America called the Japan rally a "déjà vu," comparing it with the Nikkei's rise between April and June 2023.

Persons: Yeap Jun Rong, Yeap Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Bloomberg, Getty, Nikkei, CNBC, IG Asia, Bank of Japan, TSX, Bank of America Locations: Tokyo, Japan

☆ Asia markets fall as China annual exports drop, Japan bucks the trend to extend record rally
▼ + stars: | 2024-01-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Asia markets fell as China's annual exports dropped for the first time in seven years, but Japan stocks bucked the trend to extend their record rally. Hong Kong's Hang Seng index was down 0.61%, while the mainland China's CSI 300 dipped 0.35% to close at 3,284.17. China's consumer price index fell 0.3%, less than a 0.4% drop expected by a Reuters poll of economists, and also lower than the 0.5% fall seen in November. China's exports for December beat expectations, but overall, total trade declined in 2023 for the world's second largest economy.

Organizations: CSI, Nikkei Locations: Suzhou, Shanghai, China, Asia, Japan

☆ Japan's Nikkei blows past 34,000 mark for the first time in over 30 years; CSI 300 near 5-year lows
▼ + stars: | 2024-01-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Tokyo Skytree and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Philip Fong | Afp | Getty ImagesAsia-Pacific markets mostly fell Wednesday, with China's CSI 300 closing at near 5-year lows, though Japan defied the trend to extend its 33-year high. Japan's Nikkei 225 surged 2.01% to cross the 34,000 mark for the first time since March 1990, closing at 34,441.72. The broader based Topix also gained, climbing 1.3% to end at 2,444.48 and also hitting levels not seen in more than 30 years. Hong Kong's Hang Seng index dropped 0.49%, while the mainland China's CSI 300 lost 0.47% to finish at 3,277.13, hitting its lowest level since Jan. 31, 2019.

Persons: Philip Fong, Topix, Kospi Organizations: Mount, Afp, Getty, CSI, Nikkei, — Locations: Tokyo, Mount Fuji, Ichikawa city, Chiba prefecture, Asia, Pacific, Japan

☆ Japan's Nikkei hits 33-year high as Asia markets rebound
▼ + stars: | 2024-01-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Tokyo Tower and Christmas street light up from Roppongi. Asia-Pacific markets mostly rose Tuesday, rebounding from a sell-off in the previous session, with the Nikkei 225 hitting a 33-year high on the back of gains in tech stocks. Investors also assessed December inflation numbers for Japan's capital city of Tokyo, which are a leading indicator for nationwide inflation. Core inflation — which strips out prices of fresh food — remained unchanged at 2.1%, and came in line with expectations. Australia's retail sales for November 2023 also rose more than expected, gaining 2% month-on-month and beating economists expectations of 1.2% in a Reuters poll.

Organizations: Roppongi ., Nikkei Locations: Tokyo, Roppongi, Roppongi . Asia, Pacific

☆ Asia markets slide as investors assess private factory activity surveys; U.S. inflation cools further
▼ + stars: | 2023-12-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Neon ads in Dotonbori district, Osaka, Kansai region, Japan Alexander Spatari | Moment | Getty ImagesAsia-Pacific markets started Friday lower even as Wall Street mostly saw gains and ahead of private factory activity surveys from across the region. Most notably, investors will be watching China's Caixin manufacturing purchasing managers' index for November, after official numbers Thursday showed the country's manufacturing sector contracting for a second straight month. PMI readings are also due from Japan, South Korea and India on Friday. Japan's Nikkei 225 was marginally below the flatline, but the Topix bucked the trend and opened 0.21% higher. Futures for Hong Kong's Hang Seng index stood at 17,052, also pointing to a positive open compared with the HSI's close of 17,042.88.

Persons: Japan Alexander Spatari, Kospi Organizations: PMI, Nikkei Locations: Dotonbori district, Osaka, Kansai, Japan, Asia, Pacific, South Korea, India, Australia

☆ Hong Kong set to rebound after hitting a one-month low, Asia markets fall across the board
▼ + stars: | 2023-11-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Edgar Su | ReutersAsia-Pacific markets fell across the board on Thursday ahead of key economic data from the region. South Korea's industrial output numbers surprised the market, registering a 3.5% fall compared to expectations of a 0.5% rise from economists polled by Reuters. Japan's Nikkei 225 slid 0.25% and extended its three-day losing streak, with the Topix also down by 0.14%. South Korea's Kospi also fell 0.29%, while the small-cap Kosdaq was marginally above the flatline. Futures for Hong Kong's Hang Seng index stood at 17,108, pointing to a rebound after the HSI hit a one month low on Monday and closed at 16,993.44.

Persons: Edgar Su, Kospi, HSI Organizations: of, Initiative, Reuters, Nikkei Locations: Beijing, China, Reuters Asia, Pacific, Japan, Australia

Hong Kong Spreephoto.de | Moment | Getty ImagesAsia-Pacific markets are set to rebound slightly after the region saw all its major indexes end the day in negative territory on Monday. Earlier on Tuesday, oil prices eased somewhat lower after Qatar said the truce between Israel and Hamas has been extended by a further two days. Japan's markets started the day close to the flatline, with the Nikkei 225 marginally up and the Topix just slightly below the no change mark. South Korea's Kospi was up 0.42%, while the small-cap Kosdaq saw a larger gain of 0.53%. However, Hong Kong's Hang Seng index looks set to extend its losses from Monday, with HSI futures at 17,517 compared to the index's close of 17,525.06.

Persons: Brent, Kospi, Hong Organizations: West Texas, Nikkei Locations: Hong Kong, Asia, Pacific, Qatar, Israel, Australia

Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. If the BOJ pulls interest rates above zero for the first time in years, banks' lending margins could rise. Steve Donzé, deputy head of investment at Pictet Asset Management in Tokyo, said he had also been buying Japanese bank stocks. BOND PAINJapanese inflation means bond investors could suffer. But investors are cautious about this so-called yield curve control policy ending as the BOJ is forced to tighten monetary policy.

Persons: Issei Kato, Shigeka Koda, Koda, Steve Donzé, Junichi Inoue, Janus Henderson, James Halse, Warren Buffett, David Hogarty, Jon Day, Grégoire Pesques, Amundi, Pictet's Donzé, Naomi Rovnick, Kevin Buckland, Dhara Ranasinghe, Jane Merriman Organizations: Bank of Japan, REUTERS, LONDON, Asia Investment, Kosaido Holdings, Kyushu Financial, Pictet, Management, Platinum Asset Management, Global, Bank of America, Tokyo Stock Exchange, Dublin, Newton Investment Management, Thomson Locations: Tokyo, Japan, TOKYO, Singapore, Sydney, United States, Europe, London

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