Capital Economics: The impact of the Bank of Japan's interest rate hike on global markets may be exaggerated.
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最新报道：According to CoinWorld.com, on December 2nd, the Bank of Japan's earlier-than-expected resumption of interest rate hikes shocked global bond and stock markets, but Capital Economics suggests that such concerns may be exaggerated. Analyst Thomas Mathews wrote that while Japan is a major global creditor nation, rising Japanese bond yields do not necessarily mean a capital repatriation that would put global markets at risk. On one hand, Japanese investors looking at foreign bonds face the cost of hedging short-term foreign exchange risks. On the other hand, even if rising Japanese bond yields put pressure on bond markets in other regions, this will not undermine the global stock market rebound, as the rebound is based on earnings growth rather than higher valuations. This situation is likely to continue.
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