Fund managers are remaining cautious over the future of Japanese banks. Many are underweight in the ...
Fund managers are remaining cautious over the future of Japanese banks. Many are underweight in the sector or, in extreme cases, have a zero weighting in bank stocks, even though the Topix Banks sub-index has risen by 59% to the year. During the same period the Topix Index has increased by 35%. The rise of banking stocks is partly due to the consolidation activity taking place in the sector Although it is expected that consolidation activity will enable banks in the future to reduce costs, the sector still carries the heavy burden of bad debt. This problem has intensified with falling prop...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes