BoJ Raises Interest Rates and Cuts Government Bond Purchases
534 sats \ 5 comments \ @TomK 31 Jul econ
In a significant policy shift, the Bank of Japan (BoJ) has announced an increase in interest rates and a reduction in government bond purchases. The overnight call rate target has been raised to 0.25%, up from the previous range of 0% to 0.1%. Additionally, the BoJ plans to cut its quarterly purchases of Japanese government bonds by approximately 400 billion yen.
This move marks a departure from the BoJ's long-standing monetary stimulus strategy, which has been in place for over 25 years. The primary driver behind these changes is the rising inflation in Japan.
And slowly we are saying goodbye to the carry trade. Great challenges await the euro!
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47 sats \ 1 reply \ @BlokchainB 31 Jul
Save the yen!
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50 sats \ 0 replies \ @TomK OP 31 Jul
The eternal crisis mode: call it 'Fiat'
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47 sats \ 0 replies \ @Satosora 31 Jul
They are trying to get everything under control. As long as they keep at it, I believe the Japanese will get everything under control.
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47 sats \ 0 replies \ @Bell_curve 31 Jul
This is the correct decision: monetary stability
Japan has been in a slump since 1990. They need to do the opposite. Insanity is doing the same thing over and over and expecting different results.
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0 sats \ 0 replies \ @5d586573ac 31 Jul outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.