Why markets aren’t buying BOJ’s rate hike spin

TOKYO – As 2026 approaches, the Bank of Japan finds itself in the unenviable position of a central bank that cried wolf. Last week, BOJ Governor Kazuo Ueda’s board made good on its talk of higher interest rates, raising them to a 30-year high of 0.75%. Yet currency traders aren’t buying Ueda’s pledges to continue
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