Mitsubishi UFJ shares fell further in afternoon trading and were sold down ¥66 from the previous day to ¥3,586 after the Bank of Japan decided to raise its policy rate by 0.25 percentage points to 1.25%.
According to Nikkei, shares of Mitsubishi UFJ Financial Group fell further in afternoon trading to ¥3,586, down ¥66 from the previous day.
At its monetary policy meeting held on the 18th, the Bank of Japan decided to raise its policy rate by 0.25 percentage points to 1.25%. In response, shares of megabanks including Mitsubishi UFJ had already priced in the rate hike, while views spread that the expected rate hike had exhausted the available catalyst.
The article reports that, against the backdrop of the BOJ's rate-hike decision, market expectations spread that the near-term catalysts had been exhausted. It also notes that some profit-taking selling emerged during afternoon trading.