Japan Set to Hike Rates to 30-Year High, Posing Another Threat to BTC

Japan Set to Hike Rates to 30-Year High, Posing Another Threat to BTC

Rising Japanese rates and a stronger yen threaten carry trades and could pressure crypto markets despite easing U.S. policy.

Bitcoin Faces Pressure as Japan Prepares Its Biggest Rate Hike in 30 Years News ETHNews

Bitcoin may be heading into a turbulent week as the Bank of Japan prepares for what could be its most consequential policy shift in decades. Markets expect the BoJ to raise its policy rate from 0.5% to around 0.75% at its December 18–19 meeting, a move that would mark the highest interest rate in roughly 30 years. While the decision is rooted in Japan’s domestic inflation and currency concerns, its impact will be felt globally, and Bitcoin sits …

Japan Set to Hike Rates to 30-Year High, Posing Another Threat to BTC - Technology Shout

According to Nikkei, the Bank of Japan (BoJ) is expected to raise interest rates for the first time since January, raising the policy rate by 25 basis points from 0.50% to 0.75%. The decision is expected to be made on December 19, when Japanese interest rates will rise to their highest level in about 30 years. The broader impact on global markets remains uncertain; however, developments in Japan have historically been negative for Bitcoin Bitcoi…

Bank of Japan poised to hike rate at 30-year high

The Bank of Japan is moving toward its first policy-rate hike in 11 months, with a 25-basis-point increase from 0.5% to 0.75% emerging as the leading option for the upcoming monetary policy meeting next week, according to Nikkei. If implemented, a 0.75% policy rate would reach a level not seen since 1995, marking the highest point in roughly 30 years. This breaches the threshold of the post-bubble era when the BOJ cut the then-key official disco…