Ex-BOJ Official Sees Chance Pay Results to Prompt March Hike [BNN Bloomberg (Canada)]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
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Source: BNN Bloomberg
“Given the strong results of pay talks so far, I think there's a possibility the BOJ will move in March,” Yuri Okina, now chair of the Japan Research Institute, said in an interview on Thursday. Previously, she saw an equal likelihood of the BOJ making the move either this month or in April. “There is a feeling now that the preconditions for policy normalization have been met,” said Okina. Last year, Okina was seen by some BOJ watchers as a potential candidate to become the bank's first female deputy governor, but the two deputy positions wound up being filled by male veterans. A Bloomberg survey of economists released on Tuesday showed that a slim majority of BOJ watchers still expected the end of negative rates to come next month. At that time, BOJ officials held the view that the timing for a hike was getting closer, with the outcome for next week's meeting still too close to call, according to people familiar with the matter. That was before Toyota Motor Corp., an industry
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- 3/25/24 - Form 6-K
- SMFG's page on the SEC website