share_log
Moomoo 24/7 ·  Mar 19, 2024 11:20

Public broadcaster NHK says BOJ Governor Ueda proposed ending negative rates.

  • The Bank of Japan is expected to end the world’s last negative interest rate

  • That would be a seismic shift with implications for stocks, bonds and currencies

  • It would also be the first rate hike since 2007, signaling confidence that Japan is finally leaving behind years of deflation and economic stagnation

  • Why is it moving? Inflation has gradually returned to the country

  • A more immediate cause came last week, as Japan’s largest union announced its biggest annual wage hike in three decades

  • Japan’s Nikkei 225 average also recently hit record highs

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment