Japan's stock market rally can outlast negative interest rates
Emily Badger is a portfolio manager with the Japan CoreAlpha strategy team of Man Group, a London-based investment management company.
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Emily Badger is a portfolio manager with the Japan CoreAlpha strategy team of Man Group, a London-based investment management company.
Japan implemented negative interest rates in January 2016, surprising global markets with an unconventional monetary policy to combat deflation and stimulate economic growth.
Egypt's pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency.
What a difference a few months make. At the start of this year, investors were betting the Fed would reduce rates by as much as 1.5 percentage points this year. By the beginning of this week, markets were pricing in roughly half the amount of monetary easing.
Federal Reserve Governor Christopher Waller said Thursday he will need to see more evidence that inflation is cooling before he is willing to support interest rate cuts.
The Bank of Japan will pull the plug on its eight-year negative interest rate policy in April, according to more than 80% of economists polled by Reuters, marking a long-awaited major shift from a global outlier central bank.
Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years.