State Street: The convergence of US and Japanese interest rates may accelerate.

According to Odaily Planet Daily, Krishna Bhimavarapu, an economist at State Street Investment Management for the Asia-Pacific region, stated that the convergence of interest rates between the US and Japan may accelerate after the Bank of Japan raised its overnight call rate to 0.75%, the highest level in 30 years. Japan is expected to benefit from strong macroeconomic tailwinds next year, which could strengthen the Bank of Japan's commitment to normalizing interest rates in the wake of the Federal Reserve's rate cuts. (Jinshi)