What a Bank of Japan rate hike would mean for markets around the world

Dec 08, 2023 | News On Japan

Dec 08, 2023 (Yahoo Finance) - Comments from Bank of Japan Governor Kazuo Ueda has traders thinking the central bank will be raising rates, ending it's longtime negative rates policy.

Omar Aguilar, Schwab Asset Management CEO & CIO, joins Yahoo Finance to discuss the Japanese economy and how it may impact US investors directly.

Aguilar comments on the BOJ ending their current policy: "It puts pressure on global yields for sure. I think competition for bonds will be there and therefore puts more pressure on US bonds. It clearly provides a very nice potential for a Yen appreciation going forward, because on the flip side as the Bank of Japan is trying to raise rates, we see the rest of the central banks potentially cutting rates so that provides a little bit of a tailwind for an appreciation of the currency in Japan. At the same time, it would potentially put a floor into the potential outperformance of Japanese stocks."

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