Society

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

Dec 08 (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.

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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."

Heavy Rain Hits Akita, Bridge Collapses

Japan's northern Akita Prefecture experienced a torrential deluge Friday, causing major flooding and the collapse of a bridge in Kamikoani Village.

Air Con Thefts 'Not Cool'

Theft of air conditioner outdoor units has surged as Japan's heatwave continues, leaving some businesses unable to run critical cooling systems.

Second Death of Hyogo Prefectural Employee Uncovered

As power harassment allegations against the governor of Hyogo Prefecture continue to swirl, it has been revealed that another prefectural employee has passed away, with the prefecture delaying a formal announcement of the death by 3 months.

Osaka Tops Japan's Urban Power Rankings

Osaka has topped the 'Japan Urban Power Rankings' for the fourth consecutive year. Conducted by Mori Building's think tank, the ranking evaluates 136 cities across Japan in six categories, including economy, culture, and environment.

Japan's Population Shrinks by 530,000

Japan's total population stood at 124.88 million as of January 1 this year, a decrease of over 530,000 from the previous year, further accelerating the trend of a declining birthrate and aging population.

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Osaka Tops Japan's Urban Power Rankings

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Japan's Population Shrinks by 530,000

Raccoons Infesting Tokyo’s Neighborhoods

The number of raccoons captured in Tokyo is on the rise. These animals, increasingly making homes in residential areas, have even been found raising their young in attics.

UFO-Style Traffic Light to be Removed

The last three 'UFO-style' traffic lights in Japan, which appear to hover like UFOs, will be removed by the end of this month due to aging.

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