BlackRock downgrades Japan stocks on possible monetary policy shift
Publishing timestamp: 2023-02-15 03:04:18
Summary
BlackRock, the world's largest asset manager, has downgraded Japanese stocks due to policy uncertainty and a worsening economic environment. This is due to the potential appointment of a new governor to lead the Bank of Japan, which could lead to a hawkish pivot and higher global yields. This could also lead to a global spillover, as Japanese investors may cut their large foreign bond holdings.
Sentiment: NEGATIVE
Tickers: BLK,
Keywords: asia economy, japan, economic events, blackrock inc, world markets, bonds, business news,