Will the central banks of the US and Japan take major actions next month? The yen has been continuously appreciating, approaching the 150 threshold at one point.
The interest rate differential between the US and Japan may narrow.
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Corporate confidence deteriorates, bankruptcies soar, and the outlook for a rate hike by the Bank of Japan is shrouded in dark clouds.
The data released on Monday shows that in Japan, the service industry confidence deteriorated in October, with more bankruptcy cases emerging. This has cast doubt on the views of the Bank of Japan that, under the impetus of strong domestic demand, Japan is expected to achieve a 2% inflation target.
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