Bank of Japan's Potential Rate Hike: Global Impact

Global investors are on edge as the Bank of Japan considers a historic interest rate hike, potentially pushing its benchmark rate to a thirty-year high. This move could have global market implications, as the Bank of Japan begins its final policy meeting of the year. The anticipated rate increase of 0.25 percentage points would bring the rate to 0.75%, marking a significant shift for Japan, which has kept rates near or below zero for decades. The rate hike is expected to strengthen the yen and signal the Bank of Japans commitment to normalizing monetary policy, despite challenges from an aging population and deflation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.