Skip to content

Japanese Bank Stocks Slide Most in Three Years on BOJ, SVB Worry

Bloomberg business news
BOJ Maintains Policy Balance Rate at -0.1%
Updated on

Japanese banks shares slid by the most in three years, rattled by the Bank of Japan’s decision to maintain its easy-money policy and concerns over the health of a US tech lender.

The Topix Banks Index tumbled 5.4%, the most since March 2020. Mitsubishi UFJ Financial Group Inc. fell 6.1%, also the most in three years. Peers Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. dropped about 5% each.