Mizuho Financial Group shares rebounded in the afternoon session, reaching a 19-year high of ¥8,894. Expectations that the Bank of Japan will accelerate the pace of rate hikes are driving market interest.
Mizuho Financial Group shares rebounded in the afternoon session and closed at ¥8,894, up ¥225 from the previous day, reaching their highest level in approximately 19 years and 3 months since June 2007.
The article reports expectations that the Bank of Japan will proceed with an additional rate hike at its monetary policy meeting to be held on 17–18.
Markets are now factoring in a faster pace of rate hikes by the Bank of Japan, which has emerged as a catalyst for activity in the stock market.