(Bloomberg) -- Mitsubishi UFJ Financial Group Inc.,
Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group
Inc. sold 375 billion yen ($3.1 billion) of bonds this month as
investors accepted lower yields to own their debt.
The fall in the borrowing costs of Japan's three largest
banks reflects investor optimism that they're unlikely to be hurt
by losses in U.S. subprime mortgages. The impact of subprime
mortgage losses in the U.S. on Japan's banks ``will not be very
large,'' Masayuki Oku, head of the nation's banking lobby and
chairman of Sumitomo Mitsui, said today.
Read more at Bloomberg Bonds News
Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group
Inc. sold 375 billion yen ($3.1 billion) of bonds this month as
investors accepted lower yields to own their debt.
The fall in the borrowing costs of Japan's three largest
banks reflects investor optimism that they're unlikely to be hurt
by losses in U.S. subprime mortgages. The impact of subprime
mortgage losses in the U.S. on Japan's banks ``will not be very
large,'' Masayuki Oku, head of the nation's banking lobby and
chairman of Sumitomo Mitsui, said today.
Read more at Bloomberg Bonds News
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