BOJ To Weigh Rate Hike To 0.25% At Wednesday Policy Meeting; Considering Raising The Policy Interest Rate, Likely To 0.25%, At Its Meeting That Concludes Wednesday; Central Bank Also Looks To Decide By How Much And How Fast To Reduce Its Monthly Purchases Of Japanese Government Bonds
Portfolio Pulse from Benzinga Newsdesk
The Bank of Japan (BOJ) is considering raising its policy interest rate to 0.25% at its upcoming Wednesday policy meeting. Additionally, the central bank is looking to decide on the pace and extent of reducing its monthly purchases of Japanese Government Bonds.
July 30, 2024 | 5:04 pm
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The Bank of Japan's potential rate hike to 0.25% and reduction in bond purchases could impact the iShares MSCI Japan ETF (EWJ), which tracks Japanese equities.
A rate hike and reduction in bond purchases by the BOJ could lead to a stronger yen and higher interest rates, which may positively impact Japanese equities tracked by EWJ.
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