Sumitomo Mitsui Trust Holdings Inc
8309: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
JPY 9,485.00 | Flnb | Dzxprywl |
Moderate Upside for Japanese Banks Even As BOJ Stays at Zero; Decline in Loan Rates Has Bottomed
With the bad-loan problems for which they were once infamous now two decades in the past, Japanese bank shares have lagged at low valuations for many years due mainly to a single problem: the country's superlow and seemingly ever-declining interest rates. We think hopes for a future V-shaped reflationary rebound have long dissipated.