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Japanese stocks continue to soar in 2024: the Nikkei/Yen hits a new year-end closing high, with a total increase of nearly 20% for the year.
① In 2024, the Nikkei 225 Index closed at 39,894.54 points, marking the highest annual closing level in history, surpassing the record set in 1989; ② The Nikkei 225 Index rose by 6,430.37 points throughout the year, up nearly 20% year-on-year, continuing significant growth for two consecutive years; ③ Analysts expect that the outlook for Japan's corporate giants and investor confidence will bolster the performance of Japanese stocks next year.
Full text of the Bank of Japan's decision: Maintain interest rates unchanged, pausing interest rate hikes for the third consecutive time, with one dissenting vote.
The Bank of Japan passed the interest rate decision with a result of 8 to 1, keeping the interest rate unchanged at 0.25%, marking the third consecutive pause in raising rates.
The Bank of Japan is not in a hurry to raise interest rates, but the market also does not dare to let down its guard.
Traders believe that the possibility of the Bank of Japan raising interest rates this week is less than 20%. In addition to the interest rate decision itself, Ueda's post-meeting news conference will also draw close attention.
Express News | The Bank of Japan is considering not raising interest rates at the next policy meeting.
The unknown is the most dangerous! The market is increasingly confused about whether the Bank of Japan will raise interest rates next week.
1. Over the past week, as official remarks and media reports sent mixed signals regarding the Bank of Japan's intention to raise interest rates, traders have become increasingly confused about when the Bank of Japan will hike rates; 2. This scene clearly evokes memories of the events leading up to this year's 'Black Monday' in August for Japanese stocks.
The timing of the Bank of Japan's interest rate hike remains undecided: December, January, or March?
Given the weak consumer spending, the cautious decision-making style of the Bank of Japan Governor, and concerns about the economic policies of the United States after Trump's re-election, the Bank of Japan maintains a cautious attitude towards the timing of the next interest rate hike.