BOJ Rate Hike Strains Mortgages and Investment
BOJ’s first 2025 rate hike will push up mortgage costs, damp private investment and raise government debt interest, economist Hideo Kumano warns.
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BOJ’s first 2025 rate hike will push up mortgage costs, damp private investment and raise government debt interest, economist Hideo Kumano warns.
Markets expect the BOJ to lift rates to 0.75% on December 19—the biggest hike in 30 years—as persistent inflation tests Japan’s recovery.
The Bank of Japan’s decision to keep interest rates near zero has led the Yen to reach multi-decade lows against the US dollar, raising concerns among traders and investors.