Bank of Japan poised to raise rates to highest in 17 years
The Bank of Japan is expected to raise interest rates on Friday barring any market shocks when U.S. President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis.
Bonds from Japan and China are moving in opposite directions, and it may soon create an opportunity not seen in two decades.
It is the highest level since October 2008 as the economy makes steady progress toward the bank’s goal of stable 2% inflation ...
This seems to feed into the growing sense that Trump is underdelivering on protectionism compared to pre-inauguration remarks ...
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