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BRIEFMEBRO· The 30-second world & markets brief — including the stories they buried.
72FINANCE

Bank of Japan board member signals continued interest rate hikes

⚡ Markets: An end to Japan's ultra-loose monetary policy reduces the attractiveness of the yen carry trade, potentially leading to repatriation of Japanese capital. Bullish for JPY, bearish for global assets that benefited from Japanese outflows.USDJPYNikkei 225US 10Y Treasury

A Bank of Japan board member stated the central bank will need to continue raising its benchmark interest rate to ensure inflation is capped at its 2% target. Financial markets are now pricing in a roughly 97% probability of a rate hike at the next policy meeting.

West MSM: noneRegional 1Financial press 1Primary source 22 countries
4 sources across the spectrum
RegionalJapan Times — BOJ will keep raising benchmark rate to cap price trend at 2%, board member says
Financial pressFinancial Times — Japan must raise rates, central banker says
Primary sourceBank of Japan — Economic Activity, Prices, and Monetary Policy in Japan
Primary sourceBank of Japan — Speech by Board Member MASU in Fukui (Economic Activity, Prices, and Monetary Policy in Japan)
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