Japan stock shock shows volatility is back with a vengeance

Quick Summary:

Markets are beginning to reflect and respond to a fast-growing sense of uncertainty and insecurity in the wider world.

Currencies will oscillate along with bond yields as Japan seeks to attract portfolio capital back home by means of a stronger yen to pay for a proposed doubling of national defence spending, among other things.

The Bank of Japan recently raised interest rates for the second time in 17 years, with talk of another rate hike to come, while the US Fed has hinted at a cut as soon as September.

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Article Details

Author / Journalist: Anthony Rowley

Category: Business

Markets: Hong KongJapan

Topics: Stock Rate Japan Global Tokyo Markets Market Capital Interest Major Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 16:30:10 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 1022 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22004831

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Official Website: scmp.com

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