Japan Set For 30-Year Rate High: Leadership Turmoil Raises Uncertainty
A recent Reuters survey of 70 economists shows that nearly all of them (94%) anticipate an interest rate change by the end of the month. This expectation is driven by several factors: wholesale prices increased by 4.9% compared to last year, the Japanese yen has significantly weakened to over 160 yen per dollar, and the Japanese government has spent approximately $73 billion trying to stabilize the yen’s value since late April.



