You are here

Bets against Japan's megabanks soar as investors become polarised

Friday, December 16, 2016 - 05:50

Even after their rally, the Tokyo-based lenders look like a bargain. They trade at an average 0.69 times book value, almost half the Topix and 35 per cent less than the MSCI World Bank Index.

Hong Kong

BEARISH bets on Japan's largest banks have swelled to a six-year high as their recent surge fuels speculation that the shares have risen too far, too fast.

Margin-account holdings that profit when shares of Mitsubishi UFJ Financial Group Inc, Sumitomo Mitsui Financial

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom