Japan may raise interest rates again in December!
On August 23, the Ministry of Internal Affairs and Communications of Japan released the inflation data for July. The data showed that Japan's CPI was 108.3 in July, up 2.7% year-on-year, 0.1 percentage point higher than the 2.6% in the previous month, and expanded for three consecutive months.
Analysts at Meiji Yasuda Research Institute expect that the Bank of Japan will continue to implement monetary normalization policies and raise interest rates again in December.
If Japan raises interest rates again, the closing of yen carry trades will come back, and at that time, it will once again impact the global financial market, including the crypto market!
