Maoki Matsuno's questions to MITSUBISHI UFJ FINANCIAL GROUP (MUFG) leadership • Q2 2024
Question
Asked about the outlook for the next fiscal year's bottom line, considering the potentially high net income this year, and questioned the company's global markets operation policy and executive's outlook on monetary policy following the BOJ's recent amendment.
Answer
The plan for the next fiscal year is still under development, and it's too early to comment on the bottom line, though the goal is for step-by-step growth. In Global Markets, the company is hedged against rising JGB interest rates using fixed-income bear funds and is poised for rate rises. The executive personally believes the conditions for BOJ policy normalization (a virtuous cycle of price and wage rises) will be met, and it is a matter of timing for the BOJ to act.