BUSINESSSCMP CHINA
Investors have more to worry about than yen bears on the hunt
Global investors remain bearish on the yen despite the Bank of Japan raising interest rates to a 31-year high and signaling further increases. Nominal wages in Japan have risen by over 3% for four consecutive months, the longest streak since 1992.
Related Signal
Adjacent reporting
- Bank of Japan hikes rates to highest since 1995 as yen languishes at historic lows
- World shares follow Wall Street higher, while the Japanese yen hits a 39-year low against the dollar
- Asian shares follow Wall Street higher, while the Japanese yen hits a 39-year low against the dollar
- Bank of Japan raises its key interest rate to a three-decade high of 1%, citing inflation