I think rate hikes will become more difficult for the BOJ. |
I think rate hikes will become more difficult for the BOJ. Such expectations are driving up Japanese share prices. |
If the rise had been lower, such as 0.4 percent, I'd have said the chances of a March move were 30 percent versus 70 percent in April. But now, against my better judgment, I'd have to say the chances of a March are 50-50, maybe a bit more in favor of March. |
This hasn't led to an all-out Japan selling. This seems to show that because there is excess liquidity, many people got carried away and got burned. |