CryptoNomics
The Bank of Japan announced a key decision this morning: to raise the benchmark interest rate by 25 basis points to 0.75%, the highest level since 1995. This news was already anticipated by the market, but when the actual move was made, global financial markets still felt the pressure.
Frankly, this is not just a routine interest rate adjustment but a signal of a turning point—the last remaining faucet in the world that has been continuously supplying "cheap money" is now being turned off more tightly.
Over the past thirty years, the classic game played by international capital has been: borro
View OriginalFrankly, this is not just a routine interest rate adjustment but a signal of a turning point—the last remaining faucet in the world that has been continuously supplying "cheap money" is now being turned off more tightly.
Over the past thirty years, the classic game played by international capital has been: borro