Asia's stockmarkets made a wobbly start to the final full trading week of 2022, with the prospect of interest rates rising further next year taking the edge off festive cheer.
reported on Saturday that Japan is set to tweak its 2% inflation targeting policy, possibly giving the central bank more wiggle room.
"This sort of news we're getting plays to this view that the government will open the door for the BOJ to have a more flexible approach," he said, "and that some of this uber-undervaluation of the yen can be reversed." U.S. rates were steady last week, despite the Fed projecting further hikes ahead, as traders fret that interest rates are already high enough to start hurting economic growth.dropped 2% last week. It is down 20% for the year and has failed in several attempts at sustainably trading above its 200-day moving average. S&P 500 futures rose 0.2% in early Asia trade.FEEL-GOOD VIBE AWOL
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