65,000 points.
Last Friday, the Bank of Japan split its vote 7 to 2, raising rates to 1.25%. The Nikkei, however, rose 1.4% to close above 65,000. The rate hike is about lifting inflation expectations, while the market’s rise reflects economic confidence.
Money speaks more honestly than words.
Last Friday, the Bank of Japan split its vote 7 to 2, raising rates to 1.25%. The Nikkei, however, rose 1.4% to close above 65,000. The rate hike is about lifting inflation expectations, while the market’s rise reflects economic confidence.
Money speaks more honestly than words.