Japan's Rate Hike and Yen Decline Signal Economic Shifts
TL;DR Summary
Asian stock markets rose driven by Wall Street's tech gains, while the yen hit all-time lows against the euro and Swiss franc amid rising interest rates and speculative selling. The US economy is expected to show strong growth in Q3, but investor sentiment is extremely bullish, raising caution of a potential reversal. The yen's decline prompted warnings of intervention, and commodities like silver and oil saw notable gains.
- Asia shares extend tech rally, yen under pressure Reuters
- Japanese Government Bonds Extend Slump After BOJ Rate Hike Bloomberg.com
- The Bank of Japan Raised Rates. Here’s Why You Should Care. The Wall Street Journal
- Japan's Yen Debasement Robin J Brooks | Substack
- Bank of Japan Raises Interest Rates to Highest Level in 30 Years The New York Times
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