Mitsubishi UFJ Financial Group (MUFJ) is Japan's largest financial group and the world's second largest bank holding company.

Analysts there expect a BOJ pivot at the March 18-19 meeting:

  • “I think it’s necessary to end the negative interest rate in March, not April,”
  • says the BOJ will likely make an additional hike to take the policy rate to 0.25% by October at the latest
  • BOJ “needs to secure enough lead time before the next rate hike”
  • Says BOJ officials' comments have hinted at the imminent rate rise, as have political events

Adds that expect the YCC policy to remain in place.

Still to come today:



BoJ Ueda
BoJ Ueda