With the chance of BOJ ending negative interest rate (maybe as early as tomorrow) more and more likely, why did stocks go up today? Shouldn’t higher interest rate cause the stocks to go down (at least short term) and the Yen to rise against the USD?
Or is it that the optimism from underlying factor (higher wages, increase capital investment) overcoming whatever short term effects raising interest rate has on the market?
Any thoughts?
by Romi-Omi