4:2:2 footage plays back at 100% zoom no matter what the zoom level is set at
I have a unique problem which only happens with footage encoded at 4:2:2 on my JVC GY-LS300. During playback in Premiere, the footage zooms in to 100% despite the zoom level being set to "Fit" (or any other %).
Reference images
Footage paused (full frame shown):

Footage playing (cropped frame shown):

Media info for footage:

Other notes:
- happens in both Source and Program window
- happens with both 1080p and 2160p footage encoded at 4:2:2
What can I do so that playback is at the proper zoom level (i.e. I want to see the full frame during playback)?