MUFG Markets Chief Says BOJ May Ditch Easy Policy by September
- Japan’s biggest bank sees clients preparing for policy change
- End of easing depends on wages, prices and economies abroad
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Clients of Japan’s biggest bank are bracing for the central bank to finally abandon its ultra-easy monetary policy, which could happen by the end of September, according to the head of Mitsubishi UFJ Financial Group Inc.’s global markets business.
“I think the Bank of Japan could launch an exit strategy as soon as the first half of the next fiscal year under the new leadership,” Hiroyuki Seki said in an interview. Japan’s financial year starts in April, and BOJ Governor Haruhiko Kuroda steps down on April 8.