The Bank of Japan (BoJ) surprised markets on Tuesday with an unexpected change to its bond yield control. The Yen rallied following the decision, allowing Japan’s 10-year bond yields to rise to around 0.5%, up from the previous limit of 0.25% which will enable long-term interest rates to rise.
After months of rising prices, this fast-approaching festive season may be a daunting prospect for many when we consider what is usually spent on purchasing gifts, clothing, and decorations, as well as nights out or hosting Christmas dinner. For example, the Bank of England estimates that we spend on average almost £740 more in December, which is 29% more than a typical month.
Investor sentiment was boosted this week, as commodity markets and oil prices gained on the prospect of increased demand from China as it looks as though restrictions are being reduced at a quicker rate than markets had originally anticipated.
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