Mitsubishi UFJ CEO Favors Additional Bank of Japan Rate Hike in First Half

Deep News01-06

Hironori Kamezawa, the CEO of Mitsubishi UFJ Financial Group, expressed his view that the Bank of Japan should implement an interest rate hike within the first half of this year to avoid a delayed policy response to inflation.

He indicated that a moderately stronger yen would be "favorable" for the Japanese economy, adding that yen depreciation might reflect a pessimistic market outlook on Japan's economic prospects.

Hironori Kamezawa stated that sustained wage growth is critically important, and his company will continue to advance measures related to increasing salaries.

The CEO also remarked that, despite multiple risks, the overall upward trend in the Japanese stock market is likely to continue.

These comments were made during an interview on the sidelines of a New Year gathering of Japan's major economic organizations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment