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"They Are Changing The Rules": BOJ Shocks By Hiking Into Weakening Economy To Contain Crashing Yen
The Bank of Japan has lifted its benchmark interest rate to 0.25% and outlined plans to halve its monthly bond purchases in a decisive, if doomed, move to normalize its monetary policy. With the Fed and all other central banks either set to move, or already moving rapidly in the opposite direction, the always confused BoJ’s shift to tighter policy will narrow an interest rate gap that has driven record weakness in the yen, marking a big shift for global currency markets. It also comes at a time when Japan's economy is once again slowing, inflation is failing to take hold, wage growth is sputtering.... which is also ... (full story)
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- Posted: Jul 31, 2024 11:48am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,252
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