Bank of America Frying Pan: The Bank of Japan directly raises to 0.75% in December!
Ueda Kazuo unleashes a big move: inflation explodes, the yen is weak, wages are soaring, I've had enough, raising by 25bp on the 18th-19th of this month!
Politics? Takamatsu Sawa has surrendered: "You can raise as you like, it has nothing to do with me."
The market is excited: 90% probability of rate hike, Japanese bonds soar, Nikkei gets double hit, the yen only symbolically strengthens to 0.5%.
Bank of America reveals the follow-up: raise once every six months, capping at 1.5% in 2027.
In a word: Japan is finally saying goodbye to negative interest rates, this wave will not be performed! See you in December! 🔥
