Report
Mari Kumagai
EUR 147.86 For Business Accounts Only

Trump Victory Positive for Japanese Banks if He Can Effect Higher Yields and Lower Regulatory Costs

The share prices of Japanese banks we cover have rebounded more than 5% on average after the U.S. presidential election, and we could increase our fair value estimates by as much as 20%.
A Donald Trump presidency with a Republican-controlled Congress would have ripple effects throughout the global systemically important financial institutions, which include the three major financial groups in Japan. Trump has suggested eliminating the Dodd-Frank Act, which has been built on multiple Basel accord...
Underlying
Mizuho Financial Group Inc.

Mizuho Financial Group is a financial holding company with total assets of Y204,255,642 million as of Mar 31 2018. Retail & Business Banking Company provides financial services for individual customers and SMEs. Corporate & Institutional Company provides financial services for large corporations, financial institutions and public corporations. The Global Corporate Company provides financial services for Japanese overseas affiliated corporate customers and non-Japanese corporate customers. Global Markets Company invests in financial products with market risk. The Asset Management Company develops financial products and provides financial services for individuals and institutional investors.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mari Kumagai

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