The Nikkei average rose for a third straight session on the 13th. The government supports an early rate hike to maintain the effects of foreign-exchange intervention, while the Bank of Japan is considering a rate hike at its September or October meeting.
The Nikkei Stock Average rose for a third straight session on the 13th. Market trends remained shaped by easing investor risk aversion and assessments of corporate earnings.
The government supports an early rate hike to maintain the effects of foreign-exchange intervention, signaling its aim of maintaining stability in financial markets. This could lead to a shift in market views on interest-rate trends.
The Bank of Japan is considering raising its policy rate at a monetary policy meeting to be held in September or October, and its policy decisions going forward will warrant close attention. The outcome of the meeting is expected to affect interest-rate trends and the yen exchange rate.