BOJ rate hike on tap: Watch these Japanese stocks for bull and bear cases
The Bank of Japan's (BOJ) September 17-18 meeting is currently in progress, with swap markets predicting a 98% chance of a 25 basis point increase to 1.25% – the highest level in 31 years. The Nikkei 225 (JP225) is currently at 64,152, up 0.36% as of Sep 17 at 1:26 PM JST, while the USD/JPY exchange rate stands at 156.11, down 0.10%.
The market appears to be gradually adjusting to tighter monetary policy. This policy shift is expected to have a significant impact on various sectors, with a close watch on sectors that could either benefit from or be adversely affected by the rate hike.
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