BOJ Undeserving Scapegoat For Market Madness

Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank

08-Aug-24 07:00

BOJ Undeserving Scapegoat For Market Madness

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The Yen snapped a 5-day rally on Tuesday, and continued to trend lower yesterday after Bank of Japan Deputy Gov Shinishi Uchida’s remarks that the BOJ will not raise interest rates when markets are unstable. Does this mean that rate hikes are now off the table for this year?

Image Credit: shutterstock.com

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Wong Shou Ning, Keith Kam

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Categories: markets, economy

Tags: bank of japan, japanese yen, interest rate hike,

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