Will 2024 See Japan’s First Rate Hike in 16 Years? | Presented by CME Group
January 9, 2024
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1:22Now PlayingWill 2024 See Japan’s First Rate Hike in 16 Years? | Presented by CME Group
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as posted by the channelThe Bank of Japan’s ultraloose monetary policy has seen its base interest rate locked at 0.1% since January 2016. Aimed at energizing Japan’s economy via increased spending and borrowing, most analysts agree that the approach has yielded mixed results, with nominal GDP per capita drifting in the bottom half of OECD countries for most of that period. Will 2024 see the Bank change direction? Presented by @cmegroup
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