BOJ Rate Hikes: Rising Mortgage Costs and Investment Slowdown
The Bank of Japan’s recent rate hike is set to increase mortgage burdens, dampen private investment, and raise government debt costs, says Dai-ichi Life’s chief economist Hideo Kumano.
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The Bank of Japan’s recent rate hike is set to increase mortgage burdens, dampen private investment, and raise government debt costs, says Dai-ichi Life’s chief economist Hideo Kumano.
As inflation stays above target, the BOJ is set to raise rates for the first time in 30 years. Corporate leaders warn of wage and yen impacts ahead of Friday’s decision.