Yen Falls After BOJ Rate Hike as Oil Extends Slide

The Bank of Japan raised interest rates, which caused the yen to fall against other currencies. Oil prices continued declining. Carlos Cuerpo, Spain's Minister of Economy, Trade & Enterprise and Deputy Prime Minister; Alessia Berardi, head of global macroeconomics and emerging markets strategy at Amundi Investment Institute; Sayuri Shirai, economics professor at Keio University and former Bank of Japan Policy Board member; and Martijn Rats, chief commodities strategist at Morgan Stanley, discussed the developments.

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