The BoJ stays the course…for now: The MUFG Global Markets Podcast

JGBs rallied, Yen basis widened, and the Yen weakened in the aftermath of the Bank of Japan’s January Monetary Policy Board meeting. The surprise decision at the December BoJ meeting stoked speculation in the market about further changes this week. Ultimately, the BoJ stood pat but announced some enhanced lending capabilities that could prove significant. 

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido reviews the January BoJ policy meeting, shares his outlook for monetary policy going forward, and discusses cross-border securities investing flows during December. He also shares his views on spot Dollar/Yen, Yen rate, and Yen basis.