Bank of Japan may speed up rate hikes, pushing borrowing costs above 2%, ex-BOJ official warns
Former BOJ official issues interest-rate warning as yen continues to slide against the dollar.
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Summary
- A former Bank of Japan official warns the central bank may raise its benchmark interest rate rapidly this year, potentially to above 2%, as the yen continues to weaken.
- Faster BOJ tightening could support the yen, potentially weighing over risk assets.
- BTC and yen have developed a strong positive correlation.
