Mitsubishi UFJ AM Says BOJ May Need Jumbo Rate Hike to Boost Yen

Mitsubishi UFJ Asset Management said a larger or out-of-cycle Bank of Japan rate hike can’t be ruled out, warning that an expected increase this month may not be enough to...

By Mia Glass, Ruth Carson · Bloomberg Markets

Mitsubishi UFJ Asset Management said a larger or out-of-cycle Bank of Japan rate hike can’t be ruled out, warning that an expected increase this month may not be enough to prevent further declines in the yen and Japanese government bonds.