”Further effective and sustainable monetary easing” and you: The MUFG Global Markets Podcast

The March FOMC and Bank of Japan meetings were held last week. USDJPY upside has been heavy, while JPY rates have started to slowly decline after initially rising. The Nikkei Average has remained in a narrow range even while declining. On March 21, the State of Emergency in Tokyo and the surrounding prefectures was lifted, and signs of the economy normalizing have begun to appear. The BoJ recently assessed monetary easing policy and released the results at this month’s meeting including adjustments to policy operations.  

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the key changes to monetary policy based on the BoJ’s assessment of monetary easing, as well as potential triggers for Yen rate cross-currency basis. He also shares his outlooks for Dollar/Yen, Yen rate, and Yen basis.

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