Bank of Japan's Rate Hike Sparks Yen Decline and Market Reactions
TL;DR Summary
Despite a rate hike by the Bank of Japan, the Yen continues to weaken due to persistently low long-term interest rates driven by Japan's massive public debt and ongoing government bond purchases, leading to a cycle of currency debasement that may only be addressed through fiscal consolidation, which currently lacks political support.
- Japan's Yen Debasement Robin J Brooks | Substack
- Bank of Japan Raises Interest Rates to Highest Level in 30 Years The New York Times
- Nasdaq rallies again while yen falls despite BOJ rate hike Yahoo Finance
- Bitcoin Price Prediction: Can the BTC Price Push Above $90,000 With the Latest BoJ Rate Hikes? Binance
- The Bank of Japan Raised Rates. Here’s Why You Should Care. wsj.com
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