Japan Just Raised Interest Rates To A Level Not Seen Since 1995— And The Yen Carry Trade Is Back
View original at finance.yahoo.comJapan Just Raised Interest Rates To A Level Not Seen Since 1995— And The Yen Carry Trade Is Back Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below…
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The risk of Japan's economy sharply deteriorating due to the Middle East conflict has lessened, thanks to government measures to mitigate high fuel costs and progress in securing alternative energy supplies.
60% confidenceBusinesses are passing on rising oil costs at a relatively fast pace, which could lead to higher consumer prices and risks underlying inflation deviating above the BOJ's price target.
60% confidenceThe time for decisive action on yen defense is drawing closer, raising expectations of possible currency intervention.
60% confidenceThe Middle East conflict poses a bigger threat to Japan's economic growth than inflation, justifying dissent against the rate hike.
60% confidenceExtremely speculative trading is driving the yen's weakness in currency markets.
60% confidence