On Friday, Kiyosaku Kameda, the former chief economist of the Bank of Japan, said on Friday that the Bank of Japan is expected to raise interest rates in December and continue to raise interest rates next year to push the final interest rate to 2% to cope with rising inflationary pressure. He said that although the sharp decline in the global market dragged down the Japanese stock market on Friday, unless sharp fluctuations in the Japanese market continue until the eve of the Bank of Japan's interest rate meeting on December 17-18, it will be difficult to stop the implementation of the interest rate hike next month.
Zhitongcaijing · 2d ago
Share
Listen to the news
On Friday, Kiyosaku Kameda, the former chief economist of the Bank of Japan, said on Friday that the Bank of Japan is expected to raise interest rates in December and continue to raise interest rates next year to push the final interest rate to 2% to cope with rising inflationary pressure. He said that although the sharp decline in the global market dragged down the Japanese stock market on Friday, unless sharp fluctuations in the Japanese market continue until the eve of the Bank of Japan's interest rate meeting on December 17-18, it will be difficult to stop the implementation of the interest rate hike next month.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending