kabutan

Mitsubishi UFJ Financial hits all-time high, buoyed by BOJ rate hike expectations and U.S. financial stock rally

Fri Jun 5, 2026 9:47 am JST Catalyst

Shares of Mitsubishi UFJ Financial Group, Inc. <8306>, Sumitomo Mitsui Financial Group, Inc. <8316>, and Mizuho Financial Group, Inc. <8411> accelerated their upward momentum on Friday, defying broader market weakness. Mitsubishi UFJ Financial touched an all-time high for a second straight session, while Sumitomo Mitsui Financial and Mizuho Financial both hit year-to-date highs for the first time since February 12, effectively entering uncharted territory.

The Bank of Japan's monetary policy meeting scheduled for June 15-16 is widely expected to result in a 0.25% rate hike, and with the banking sector anticipating improved operating conditions, funds have been shifting away from tech stocks. In U.S. trading on Thursday, major financial names including Goldman Sachs Group , Citigroup , JPMorgan Chase , and Bank of America advanced across the board, absorbing profit-taking funds from semiconductor-related sectors. Similar movements driven by foreign capital are being observed in Tokyo.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

Related Articles