'BOJ's Ueda Signals No Hike Next Week, Noting Time Is On His Side' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Bank of Japan Governor Kazuo Ueda indicated that there will be no interest rate hike next week, suggesting a stable policy stance despite the yen's recent decline. This decision implies that the central bank is not in a rush to adjust its monetary policy.
October 24, 2024 | 8:58 pm
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The Bank of Japan's decision to maintain its current policy stance without a rate hike could stabilize Japanese equities, impacting the iShares MSCI Japan ETF (EWJ).
The BOJ's decision to not hike rates suggests a stable economic environment in Japan, which could lead to stability in Japanese equities. As EWJ tracks Japanese stocks, its performance may be influenced by this decision.
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