Latest news with #MitsubishiUFJ
Bloomberg
a day ago
- Business
- Bloomberg
Buffett Inspires Retail Investors to Bet on Japan Trading Houses
Japan's retail investors have started to place their bets on trading house stocks, heavily backed by Berkshire Hathaway Inc.'s legendary investor Warren Buffett, eyeing strong business models and stellar shareholder returns. Investment demand from Nippon Individual Savings Accounts, or NISA for short, has spread to trading companies alongside traditional favorites like Nippon Telegraph & Telephone Corp., Japan Tobacco Inc. and Mitsubishi UFJ Financial Group Inc.
NHK
3 days ago
- Business
- NHK
More shareholders voicing proposals to Japanese firms
Shareholder meetings will peak in late June in Japan, and a record number of firms have received proposals from stockholders this year. About 2,100 companies listed on the Tokyo Stock Exchange are set to hold the annual gatherings this month. Mitsubishi UFJ Trust and Banking Corporation says that as of Thursday last week a record 108 firms had received proposals from their shareholders. Many of these proposals to be discussed at the meetings are from activist shareholders. For example, US-based Dalton Investments is proposing its own candidates for the board of directors to the parent company of Fuji Television Network. The fund is also requesting beverage maker Yakult Honsha to alter its articles of incorporation to let outside directors hold a majority in the board. And Hong Kong-based investment fund Oasis Management is asking chemical maker Taiyo Holdings to dismiss two board directors, including the president, due to corporate governance concerns. The Japanese government and the Tokyo Stock Exchange have been calling for active communication between companies and their shareholders.
Zawya
6 days ago
- Business
- Zawya
Japan's 2-year bond rises after strong auction
TOKYO - Japan's two-year government bond prices rose on Friday, after an auction for the bonds with the same tenor witnessed a strong outcome. The two-year JGB yield slipped 1 basis point (bp) to 0.74%. Bond yields move inversely to prices. The auction received bids worth 3.77 times the amount sold, its best ratio since January, and was higher than a ratio of 3.58 times at the previous auction. "The outcome showed that the market welcomed the current level yield of the two-year bonds," said Keisuke Tsuruta, senior fixed income strategist at Mitsubishi UFJ Morgan Stanley Securities. "Demand was strong as bets for the Bank of Japan's interest rate increase remained weak," he added. The two-year bond auction came as the market expects a possible cut in the sale of bonds with super-long maturities in the coming months, which could boost the issuance of shorter-dated bonds, such as two-year notes. Last week, the yield on the 30- and 40-year JGBs hit record highs amid fiscal deficit concerns. The yields plunged on Tuesday after Reuters reported that the finance ministry was considering reducing its sales of super-long bonds. Investors are cautiously awaiting the finance ministry's auction for 30-year JGBs on Thursday next week. "The markets for the two-year bonds and the bonds with super-long maturities are different," said Tsuruta. The five-year yield fell 2 bps to 1.01%. The 10-year JGB yield fell 1 bp to 1.505% and the 20-year JGB yield fell 3.5 bps to 2.415%. The 30- and 40-year JGBs were not traded as of 0420 GMT. (Reporting by Junko Fujita and Rocky Swift; Editing by Rashmi Aich)
27-05-2025
- Business
Mitsubishi UFJ to Launch New Digital Financial Service Brand
News from Japan Economy May 27, 2025 18:51 (JST) Tokyo, May 27 (Jiji Press)--Mitsubishi UFJ Financial Group Inc. said Tuesday that it will roll out a new brand for digital financial services for individuals on Monday. The new brand will be launched through revamping a mobile banking app and unifying multiple services including credit card and securities. Point services in the Mitsubishi UFJ group will also be united and a new internet bank will be established in fiscal 2026. Mitsubishi UFJ aims to improve convenience and attract individual customers, mainly young people, by launching the new brand as competition in the Japanese banking industry is intensifying since the Bank of Japan scrapped its negative interest rate policy last year. "We will boost links between our financial functions," Mitsubishi UFJ Group CEO Hironori Kamezawa said at a press conference, emphasizing that the new brand will "play the main role in our retail business." [Copyright The Jiji Press, Ltd.] Jiji Press
Wall Street Journal
22-05-2025
- Business
- Wall Street Journal
Super-Long JGB Yield Curve Steepening on Back of Supply-Demand Worries
0310 GMT — Super-long JGB yield curve is steepening on the back of supply-demand worries, Mitsubishi UFJ Morgan Stanley Securities' Takahiro Otsuka says in a research report. Japanese investors are unlikely to lead any easing of these worries, the senior fixed income strategist says, noting demand from domestic investors, primarily life insurers, has been sluggish in recent years. Also, while foreign investors have been large net buyers since the start of 2025, it's difficult to expect more demand from these investors, at least in the near term, the strategist says. There's a strong possibility that these investors are now carrying unrealized losses, the strategist adds. The 20-year JGB yield is 2bps higher at 2.560%; 30-year yield is up 1.5bps at 3.150%; 40-year yield is 1.5bps higher at 3.630%. ( 0233 GMT — Surging super-long JGB yields reflect structural lack of Japanese private-sector demand, two members of Barclays' FICC Research say in a research report. Position adjustments and long-term fiscal worries may also be contributing to the yield surge, the two members say. Until structural supply-demand improves, the super-long sector is unlikely to stabilize, they say. Amid the absence of sufficient demand from private investors, any adjustments to the BOJ's quantitative tightening and/or JGB issuance will probably 'take the spotlight,' the members say. 20-year JGB yield is 2 bps higher at 2.560%, 30-year yield is up 1.5 bps at 3.15%, and 40-year yield is 1.5 bps higher at 3.630%. (
