Japan PM Hopeful Takaichi Says Time Is Not Right For Bank Of Japan To Raise Rates
Portfolio Pulse from Benzinga Newsdesk
Japan's PM hopeful Takaichi stated that it is not the right time for the Bank of Japan to raise interest rates. This suggests a continuation of the current monetary policy, which may impact Japanese equities and related ETFs.
September 13, 2024 | 4:17 pm
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The statement by Japan's PM hopeful Takaichi against raising interest rates suggests a continuation of the current monetary policy, which could stabilize or positively impact Japanese equities, including those in the EWJ ETF.
Takaichi's statement indicates no immediate change in Japan's monetary policy, which is generally supportive of equities. As EWJ is an ETF that tracks Japanese stocks, it could benefit from continued low interest rates.
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