BOJ rate hike divides Julius Baer, Nomura IWM on terminal rate, as major bank equities gain favour

The Bank of Japan’s (BOJ) decision to lift its policy rate by 25 basis points to a 31-year high of 1.25% has triggered fresh debate among wealth managers over the pace of monetary tightening, with house views diverging on terminal rates while eyeing major domestic bank equities and corporate reform plays. The 7-2 vote and cautious messaging have raised queries…

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