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Banking sector ranks 25th on theme ranking, room for revaluation amid persistent speculation of June rate hike
★Popular themes - Best 10
1 Semiconductors
2 Artificial intelligence
3 Physical AI
4 Data centers
5 Semiconductor manufacturing equipment
6 Space development
7 Drones
8 Storage batteries
9 NAND flash memory
10 Defense
The "banking" sector ranked 25th in the "Popular Theme Ranking" compiled by Minkabu and Kabutan.
In the stock market, expectations for a revaluation of banking stocks, particularly megabanks, remain strong. At the Bank of Japan's Monetary Policy Meeting held on April 27-28, the policy interest rate was left unchanged, but three policy board members proposed a rate hike. While the Takaichi Sanae administration is seen as cautious about raising rates, many believe that Japan's low real interest rates are driving the yen's weak trend, and speculation is mounting that a rate hike will occur at the next BOJ meeting on June 15-16. Going forward, the stock market is likely to be influenced by the BOJ's monetary policy.
For banking stocks, a rate hike is viewed as a positive factor for earnings as it would lead to wider interest margins. Attention should be paid to the movements of major banks such as Mitsubishi UFJ Financial Group, Inc. <8306>, Sumitomo Mitsui Financial Group, Inc. <8316>, and Mizuho Financial Group, Inc. <8411>, as well as regional bank stocks such as Shizuoka Financial Group,Inc. <5831>, The 77 Bank,Ltd. <8341>, and Kyoto Financial Group,Inc. <5844>.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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