MUFG stock slips as Japan snap-election shock lifts bond yields and puts BOJ in focus
MUFG shares fell 1.24% to 2,953 yen in Tokyo Monday as Japan’s 10-year government bond yield hit a 27-year high after Prime Minister Sanae Takaichi called a snap election and proposed suspending the food tax. The Nikkei 225 dropped 0.61%. Investors await the Bank of Japan’s Jan. 22-23 meeting and MUFG’s Feb. 4 earnings for direction.
