The Bank of Japan (BOJ) officials believe that expectations of higher US interest rates amid post-pandemic rapid recovery and covid vaccine bottlenecks could lead to growing headwinds for fragile emerging economies, MNI reports, citing people familiar with the central bank’s thinking. Additional takeaways “While the advanced economies are picking up, bank officials are of the view that there is limited room for emerging economies to implement accommodative monetary and fiscal policies. Such countries also don’t benefit from the US recovery and are more dependent on tourism revenue.” “Although the recent spike in the 10-year US Treasury yield didn’t cause any capital outflows from emerging economies, bank officials think evidence of a stronger and faster US recovery will lead to a sustained increase in longer-term US interest rates and raise the financial burden for emerging economies while destabilising global financial markets.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF Price Analysis: Fades bounce off yearly support line, 0.9140 in focus FX Street 2 years The Bank of Japan (BOJ) officials believe that expectations of higher US interest rates amid post-pandemic rapid recovery and covid vaccine bottlenecks could lead to growing headwinds for fragile emerging economies, MNI reports, citing people familiar with the central bank's thinking. Additional takeaways "While the advanced economies are picking up, bank officials are of the view that there is limited room for emerging economies to implement accommodative monetary and fiscal policies. Such countries also don't benefit from the US recovery and are more dependent on tourism revenue." "Although the recent spike in the 10-year US Treasury yield didn't cause any… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
