📊 Japan’s October PPI rose 7.1% year over year, exceeding the 6.5% forecast and bringing the BOJ closer to its first interest rate hike in 37 years.
📌 Import prices in yen surged 24.8% as the yen weakened and fuel and raw material costs climbed.
📌 Persistent inflationary pressures could force businesses to pass the burden on to consumers, reinforcing the case for monetary tightening.
Funds may shift toward defensive assets, putting short-term corrective pressure on $BTC and monetary-policy-sensitive stocks.
💬 What scenarios have you prepared for your portfolio if the BOJ does raise interest rates?
#Bitcoin #CryptoNews
🔗 Source: BeInCrypto
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 Import prices in yen surged 24.8% as the yen weakened and fuel and raw material costs climbed.
📌 Persistent inflationary pressures could force businesses to pass the burden on to consumers, reinforcing the case for monetary tightening.
Funds may shift toward defensive assets, putting short-term corrective pressure on $BTC and monetary-policy-sensitive stocks.
💬 What scenarios have you prepared for your portfolio if the BOJ does raise interest rates?
#Bitcoin #CryptoNews
🔗 Source: BeInCrypto
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).