BOJ executives to speak as market rout tests rate hike resolve

Quick Summary:

TOKYO : The Bank of Japan is facing fresh communication challenges as last week's decision to raise interest rates, coupled with U.S.recession fears, roils financial markets and cloud the outlook for further rate hikes.

The Nikkei soared more than 8 per cent to above 34,000 in the opening minutes of trading on Tuesday, rebounding sharply from the previous day's 12.4 per cent plunge.

FILE PHOTO: An office employee walks in front of the Bank of Japan building in Tokyo, Japan, April 7, 2023.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Interest Rout Rate Session Uchida Market Hike Rates Bank Cent Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 11:14:47 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21949584

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 65 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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