A prominent US investor has expressed the view that rate hikes in Europe and the United States are misguided and that Japan alone has got it right. At the same time, Japan's rate hikes are explained as having advantages such as curbing yen depreciation and improving corporate earnings.
While the major central banks of Japan, the United States and Europe decided to raise interest rates during the central bank week in September, the article outlines the debate over rate hikes in Europe and the United States amid developments in China and emerging markets.
A prominent US investor has expressed the view that rate hikes in Europe and the United States are wrong and that Japan alone has got it right. Japan's rate hikes are explained as offering advantages such as stabilising the yen and improving corporate earnings.