SMFG markets chief calls for rate hike in June
The Bank of Japan should raise interest rates at its June meeting. A clearer forward path would reduce upward pressure on long-term yields.
Japan’s 10-year government bond yield has risen to 30-year highs, and the yen has weakened back toward 160 per dollar.
SMFG has proposed the BOJ halt further bond purchase tapering and hold monthly purchases at around 2.1 trillion yen from April 2027.