BOJ Under Pressure: Yen Weakness and Potential Rate Hikes Loom ...Middle East

Opinion by : (Devdiscourse) - Thursday 07/11/2024 - 11:37 AM (2024-11-7)

The unexpected victory of Republican Donald Trump in the U.S. presidential election has sparked a rally in the U.S. dollar, leading to increased pressure on the Bank of Japan (BOJ) to raise interest rates, potentially as soon as December. Experts link the dollar's surge to economic optimism triggered by expectations of tax cuts and tariffs.

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