TOKYO — For the Bank of Japan and US Federal Reserve, what a difference a week makes. As 2023 ended, the BOJ was almost universally seen as “tapering” on the way to exiting quantitative easing (QE). Governor Kazuo Ueda’s team was viewed as setting the stage for a pivot that would send the yen skyrocketing. […]
Fed easing, BOJ tapering calls look like losing bets
Markets rallied on expected US rate cuts and Japan exiting QE but both late 2023 trades have already gone awry in 2024
