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Tuesday, February 27, 2024

Can Japan’s Economy Continue To Blossom If Bank of Japan Raises Rates? Apparently So.

Can Japan’s Economy Continue To Blossom If Bank of Japan Raises Rates? Apparently So.

By Daniel Harrison, Benzinga

Amid an economic climate of high interest rates in the US and a slumber among China stocks led by a downturn in the property market, Japan’s economy lies in stark contrast to the antipathy that investors are feeling elsewhere in the world right now.

Rising consumer prices, buoyed by a weak yen that has reaped big bucks for exporters over the last couple years in particular, and a central bank policy of continued negative interest rates have so far boded well for Japan, which posted 4.8% GDP growth in the second quarter this year.

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