{"id":135071,"date":"2024-08-07T16:00:27","date_gmt":"2024-08-07T13:00:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135071"},"modified":"2024-08-07T13:44:01","modified_gmt":"2024-08-07T10:44:01","slug":"will-the-bank-of-japan-raise-interest-rates-amid-market-turmoil","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/will-the-bank-of-japan-raise-interest-rates-amid-market-turmoil\/","title":{"rendered":"Will the Bank of Japan Raise Interest Rates Amid Market Turmoil?"},"content":{"rendered":"

This decision followed market turbulence fueled by speculation about potential rate hikes, which had negatively impacted the crypto market.<\/p>\n

Arthur Hayes, co-founder of BitMEX, linked<\/strong><\/a> the BOJ\u2019s stance to the upcoming U.S. elections. On the social media platform X, Hayes claimed that U.S. Treasury Secretary Janet Yellen urged Uchida not to raise rates, aiming to avoid further market disruption ahead of the 2024 elections.<\/p>\n

Hayes suggested this move was intended to support Democratic candidate Kamala Harris, who has a 47% chance of winning according to Polymarkets<\/a><\/strong>, compared to Trump\u2019s 52%.<\/p>\n