Top Japan Bankers Predict Share Gains, BOJ Rates at 1%
- Nomura, Mizuho CEOs see Nikkei at 40,000 by end of year
- New Prime Minister Ishiba started his career at Mitsui Bank
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Top executives of Japan’s biggest banks and brokerages predicted further gains in domestic share prices and more interest-rate hikes, as they welcomed a new prime minister who started his career in the financial sector.
Toru Nakashima, the chief executive officer of Sumitomo Mitsui Financial Group Inc., said he expects the Bank of Japan to raise interest rates to 1%, while his counterpart at Mitsubishi UFJ Financial Group Inc., Hironori Kamezawa, said the rate is likely to rise to at least that level, from 0.25%.