Japan's stock market experienced volatility due to Bank of Japan's rate hike to 0.25%, impacting exporters and financial stocks.
Japan's stock market faced significant volatility due to the Bank of Japan's rate hike to 0.25% for the first time in eight years. The decision coincided with signals from the US Federal Reserve indicating potential rate cuts, which strengthened the yen. The rate hike impacted exporters reliant on a weak currency and financial stocks, while the yen's surge against major currencies affected global markets. Some analysts see the rate hike as a buying opportunity for companies with strong earning potential, and long-term outlook for Japanese stocks remains optimistic.
August 04, 2024
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