Fed Raises Rates, BOJ Hike Anticipated | Bloomberg Daybreak: Asia Edition
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Business and finance news from the Asia-Pacific. The yen's sharp drop after the Federal Reserve's hawkish hike is raising the stakes for the Bank of Japan's policy meeting Friday, with strategists warning the currency could weaken further unless officials convince markets that more tightening is coming. The Fed lifted borrowing costs Wednesday for the first time since 2023 and projected further increases, prompting traders to price three additional hikes by the middle of next year. That threatens to keep the US-Japan rate gap wide even as the BOJ is expected to raise its own policy rate this week. We speak to Bloomberg's FX and Rates Strategist David Finnerty. And for more reaction to the Fed's decision, Bloomberg's David Ingles spoke to Former St. Louis Fed President James Bullard from the sidelines of the BNP Paribas APAC Global Markets Conference. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Daybreak Asia delivers today's top sto
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