Japan’s yen continues to send distress signals, but the chances of the Bank of Japan coming to the rescue with a decisive rate hike are, at best, even. Asked on Nov. 17 about the possibility of a policy move at the Bank’s December meeting, Governor Kazuo Ueda pointedly avoided a definitive answer. Here’s why the BOJ isn’t likely to intervene in the yen’s spiral anytime soon. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
Author: Bloomberg Television
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News post in November 22, 2024, 12:01 am.
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