The Japan Times
AsiaPac · 5 hrs ago
✦ 78◉ Centre
Mitsubishi UFJ says Japan may need jumbo rate hike to boost yen
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Quality 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
Mitsubishi UFJ Asset Management warns that the Bank of Japan may need a larger-than-expected or out-of-cycle rate hike to support the weakening yen, suggesting a standard rate increase this month could be insufficient.
Mitsubishi UFJ says Japan may need jumbo rate hike to boost yen
Mitsubishi UFJ Asset Management said a larger or out-of-cycle Bank of Japan rate hike can’t be ruled out, warning that an expected increase this month may not be enough to prevent further declines in the yen and Japanese government bonds.
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