Megabanks not rewarded for push to unwind cross-held shares

YOSHINARI TAGUCHI, Nikkei staff writer

TOKYO -- The Nikkei Stock Average again failed to recapture the 20,000-point mark Friday, amid continued weakness by shares of Japan's three megabanks, which drove the rally back in April that had pushed the index above that threshold.

     Kazuyuki Terao of Allianz Global Investors Japan is paying close attention to Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, which all slid 1% Friday while the index slipped 0.3% to 19,883.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.