Bank of Japan just hiked rates 25bp—highest since 1995. This is their fastest pace of tightening since 1990.
They're fighting inflation like everyone else now. The era of zero rates in Japan is officially over.
Global tightening cycle is back on the table. Watch how this ripples through currency markets and carry trades. The yen's been all over the place, and this won't calm things down.
If Japan's hiking, no central bank is safe from inflation pressure anymore.
They're fighting inflation like everyone else now. The era of zero rates in Japan is officially over.
Global tightening cycle is back on the table. Watch how this ripples through currency markets and carry trades. The yen's been all over the place, and this won't calm things down.
If Japan's hiking, no central bank is safe from inflation pressure anymore.