A portfolio manager at Fidelity Investments stated that Japan's bank stocks will continue to benefit from the country's positive macroeconomic environment, increased demand for loans, and share buybacks and dividends. "The profitability resulting from rising interest rates may lead to large share buybacks and increased dividends, which is good news for banks," said Kirk Neureiter on June 19. Data shows that the Fidelity Japan Fund he manages has assets under management of $665 million.
富达预计宏观利好有助推动日本银行股上涨
Fidelity predicts bullish macroeconomic news will help boost Japan's bank stocks.
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