🔥🔥🔥Japanese media: The Bank of Japan is expected to raise interest rates to 0.75%, the highest in 30 years. The continuous interest rate hikes by the Bank of Japan aim to attract capital flowing out due to U.S. rate cuts. The Bank of Japan has been in the low interest rate era for over a decade, with a significant amount of capital flowing globally for investment. Therefore, the rate hike in Japan is intended to encourage more capital to return to Japan! However, such an interest rate hike is not friendly to the current Japanese economy. The Japanese economy may face pressure from the Bank of Japan's interest rate hikes! Even the stock market may suffer from capital outflows, as the Bank of Japan's continuous rate hikes push up interest rates! Large funds will certainly prefer to stay in the bank and earn interest! $BTC
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