The Bank of Japan has been called the last bastion of loose money. Now, however, it spooked investors with its interest rate hike. Was it a mistake or just the right move at the right time?
One a while ago there was a cautious optimism in the air.
Japan’s stagnant economy showed signs of picking up after a long time. Above all, it seemed to be finally breaking out of its deflationary cycle that had already started more than 30 years ago.
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