The positives of an interest rate cut has been overstated. Whilst it will benefit companies and individuals who have floating rate loans, those on fixed rate ( essentially long term ) loans will not benefit
The risk is that it will force unwinding of particularly, USD assets funded by JPY borrowings. This will result in a weaker USD already battered by dedollarisation in trade transactions, eroding confidence in USD as a reserve currency ( note latest move by France to illegally seize Russias USD assets) and anxiety over geopolitical risk in the Middle East and Ukraine. The end result will be stagflation. Not a scenario to look forward to.
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