Bank of Japan’s Unexpected Rate Hike: Impact on Global Markets, Dec 20

On December 20, the Bank of Japan surprised global markets by announcing a rate hike. This unexpected move ends its long-standing policy of maintaining ultra-low interest rates. As Japan faced economic challenges, this decision has caught investors off guard, leading to fluctuations in financial markets worldwide. The Bank of Japans choice reflects a shift in its monetary policy, aiming to curb inflation and stabilize the domestic economy. This hike not only affects Japan but also influences investor strategies and economic forecasts globally.