Japan’s Bank Stocks Climb as BOJ Reported to Consider Rate Hike

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Bloomberg News

BOJ,Sumitomo Mitsui Financial Group Inc.,Japan

(Bloomberg) -- Japanese bank stocks rose the most since December 2022 after the nation’s central bank raised its benchmark interest rate and unveiled plans...

-- Japanese bank stocks rose the most since December 2022 after the nation’s central bank raised its benchmark interest rate and unveiled plans to reduce bond buying.Tech Stocks Hit as Microsoft Down 6% in Late Hours: Markets Wrap

Japan’s megabanks earlier this month called on the BOJ to make deep cuts to its monthly bond purchases during hearings of market participants at the central bank, according to people who attended. Lebanon's Hezbollah said early on Wednesday its senior commander Fuad Shukr was in the building in the southern suburbs of Beirut targeted by an Israeli strike, but it did not confirm his fate. Israel's military announced late on Tuesday it had killed Shukr, whom it named as Hezbollah's most senior commander and blamed for an attack at the weekend that left a dozen youths dead in the Israeli-occupied Golan Heights. Hezbollah has denied any involvement in the weekend attack.

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