MUFG Chief Criticizes BOJ's Policy for Fueling Japan Anxiety

Updated on
  • CEO Hirano says prolonging negative rates would hurt banks
  • Lenders won't be able to pass on costs to depositors: Hirano

Nobuyuki Hirano.

Photographer: Akio Kon/Bloomberg

The top executive of Japan’s biggest bank delivered a rare criticism of the central bank, saying its negative interest-rate policy has contributed to anxiety among households and companies and prolonging it may weaken financial institutions.

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