Japan hikes rates, US set to cut: Here’s what it means for markets

By Kylie Wong , senior data reporter | 1 August 2024 | 6 minutes read
(Credit: Photo by Tim Mossholder on Unsplash and Photo by Luke Jones on Unsplash)

When it comes to interest rates, Japan and the US are heading in opposite directions. The Bank of Japan (BOJ) this week delivered a 15 bps rate hike and raised the upper bound of its target rate to 0.25%, in addition to announcing plans for quantitative tightening to gradually reduce its monthly outright purchases of Japanese government bonds. That could…

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