Without a doubt, the interest rate hike triggered by the for...
Without a doubt, the interest rate hike triggered by the foreign exchange intervention was the root cause. Investors are furious.
The Ministry of Finance and the Bank of Japan have made a mistake in their approach. They completely misunderstand the market's psychology and reaction.
Despite the expected rate cut in September for the weakened US economy, the surprise rate hike in July raises suspicion of political pressure and the influence of the presidential election.
The economic damage caused by this impact is significant.
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