Date: Thursday, 19 March 2026
Time: 08:00 UKT, 17:00 JST
Mizuho invites you to an in‑depth analysis of the Bank of Japan’s March Policy Meeting.
March 2026 has opened against a backdrop of surging geopolitical risk, with the escalation in Iran fuelling a renewed spike in energy prices, a sharply weaker yen, and a bout of volatility across Japanese markets.
In recent sessions, Japanese equities have struggled under the weight of rising global yields and higher oil, while JGBs have seen heightened two‑way price action as investors reassess the BOJ’s reaction function. The combination of yen depreciation, import‑price pressure, and a more unsettled risk backdrop is sharpening the focus on Governor Ueda’s next steps.
In this session, we will unpack how these shifting dynamics are shaping the BOJ’s March policy stance. Beyond the immediate decision, we will explore whether Governor Ueda offers any new clues on future policy normalisation, how the BOJ may respond to a more inflationary external shock, and the extent to which the Japanese government is signalling tolerance, or discomfort, toward further yen weakness and the associated political pressure.
The discussion will be led by Shunsuke Kobayashi (Chief Economist, Mizuho Securities Tokyo), who will provide his expert read‑through of the BOJ’s decision, and moderated by Evelyne Gomez‑Liechti (Multi‑Asset Strategist, Mizuho International Plc).
We look forward to welcoming you to what promises to be a timely, insightful, and market‑relevant conversation.
Contact: sho.kato1@uk.mizuho-sc.com
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