Japan's Central Bank Just Hiked Rates WHILE in a Recession
Central banks don't hike rates during a recession. Or do they? The Bank of Japan just did and for the second time. By doing it, BoJ is laying itself bare; both in terms of transparently acting politically and maybe more important exposing the lie about interest rate policies. Peter Pan is not happy. Eurodollar University's Money & Macro AnalysisBank of Japan Change in the Guideline for Money Market Operations and Decision on the Planfor the Reduction of the Purchase Amount of Japanese Government Bondshttps://www.boj.or.jp/en/mopo/mpmdeci/mpr_2024/k240731a.pdfNikkei Bank of Japan raises interest rate to 0.25%, open to further hike this yearhttps://asia.nikkei.com/Economy/Bank-of-Japan/Bank-of-Japan-raises-interest-rate-to-0.25-open-to-further-hike-this-yearJapan Times Bank of Japan delivers one-two punch few were expectinghttps://www.japantimes.co.jp/business/2024/07/31/economy/boj-rates/Wall Street Journal Bank of Japan Raises Rates, Driving Up Yenhttps://www.wsj.com/economy/central-banking/bank-of-japan-hikes-rates-tapers-bond-buying-in-fresh-step-to-policy-normalization-bc8c33fbBloomberg Japan’s Central Bank Hikes Key Rate Hours Before the Fedhttps://www.bloomberg.com/news/articles/2024-07-31/boj-hikes-interest-rate-unveils-plan-to-cut-back-bond-buyinghttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU