Opinions
Mark Grammer
Sumitomo Mitsui Trust
8309 -JP
BUY
Dec 16, 2016
N/A
Stock price when the opinion was issued
0
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He doesn’t want to own just European banks. Japanese banks could also have a very strong recovery. To him, this is the best run of the major Japanese banks. There is starting to be an acceleration in earnings. Loan growth is starting to pick up in Japan. Hopefully the strengthening of the Yen will translate into positive momentum in the Japanese economy. This trust is well structured and is known as a reflation play, because they have a lot of exposure to real estate lending.