Bank of Japan Moves Towards Higher Interest Rates
436 sats \ 3 comments \ @TomK 5 Sep econ
The Bank of Japan (BoJ) seems determined to hold course, with board member Hajime Takata urging for a rate hike if wage growth and other positive economic trends continue. According to Takata, it’s time for the central bank to “shift gears” and reduce its accommodative stance, signaling a future with higher interest rates.
Economists like Yusuke Matsuo of Mizuho Securities believe these comments point to multiple rate increases down the line, once market conditions stabilize. As the BoJ cautiously evaluates the impact of each hike, the looming debate over yen-carry trade is likely to persist.
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224 sats \ 0 replies \ @flat24 5 Sep
I was recently looking at some reports that narrated about the situation of the Carry Trade in the Japanese Yen 💹. And apparently the Japanese have defied their masters the US when they initiated the first interest rate hike, and although it is expected that they will stay away, some analysts believe that there could probably be another interest rate hike, which would make the Yen 💴 rise even more against the dollar 💵 and further suffocate those people involved in the Carry Trade, there is even speculation that the FED will not lower interest rates yet, although it is something that some analysts are already taking for granted for September. Every day I study more to understand the whole web 🕸️ that is the FIAT system. And how it is designed for the benefit of a few at the expense of the sacrifice of many, and by understanding it better, develop the ability to avoid it. Everything is possible thanks to Bitcoin 💪🤠⚡🍊
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64 sats \ 1 reply \ @halalmoney 5 Sep
This doesn’t help me decide whether to save a bit more bitcoin today or tomorrow.
But in all seriousness, if the yen-carry trade unwinds in a meaningful way, it will be interesting to see if Bitcoin is sold off in the turmoil (risk-off) or acquired aggressively. My guess is the former but I’d love to be proved wrong!
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47 sats \ 0 replies \ @xz 5 Sep
Life is strange to have a little skin in the game with Bitcoin.
Interest rates fall.. Cash money is further diluted. Bitcoin up.
Interest rate hikes.. Pain, defaults on repayments, saving made somwhat more attractive again and it might be actually worth saving your own currency.
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