Share prices plunge, casting doubt on Bank of Japan's December rate hike; market expectation falls to low 50% range

The story

Japanese and US share prices plunged as uncertainty over the outlook for AI investment grew. Uncertainty over AI-related developments is worsening market sentiment.

In intermeeting trading in the OIS market, the probability of a December rate hike by the Bank of Japan temporarily fell to the low 50% range.

The interest-rate outlook following the Bank of Japan meeting on 17–18 December fell to 1.3575% at one point.

At a glance

EventJapanese and US share prices plunged amid growing uncertainty over AI investment.

PeriodIn the OIS market, the probability of a December rate hike temporarily fell to the low 50% range.

AmountThe interest-rate outlook following the Bank of Japan meeting fell to 1.3575%.

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