Breaking: Ex-BoJ Governor Kuroda: No Problem In Raising Policy Rate 3-4 Times Through Next Year To...

Ex-BoJ Governor Kuroda indicates no issue with Japan raising its policy rate to around 1.5% by next year.

• Bad for stocks.
• Higher interest rates increase borrowing costs for companies, reducing profits.
• Makes bonds more attractive to investors compared to stocks.
• Can slow economic growth, impacting corporate earnings.
• While an ex-governor's opinion, it suggests a path of monetary tightening that markets typically react to negatively.