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<ul class="wp-block-list news-points">
 <li>Bank of Japan will not raise interest rates until the global markets remain unstable.</li>
 <li>BitMEX’s Arthur Hayes said that the decision is a result of the upcoming US elections.</li>
 <li>Hayes said Janet Yellen will inject $300 billion to $1.05 trillion “between now and year end.”</li>
</ul>
The Bank of Japan (BOJ) has refrained from raising interest rates while global financial markets remain unstable, according to Deputy Governor, Shinichi Uchida. The recent turmoil in global markets was significantly affected by concerns of the BOJ’ raising rates, causing a downturn in the crypto market as well.
Adding to the geopolitical intrigue, Arthur Hayes, co-founder of crypto trading platform BitMEX, weighed in on the situation, linking Uchida’s decision to the upcoming United States elections.
In a <a href="https://x.com/CryptoHayes/status/1821002982185693192" target="_blank" rel="noopener noreferrer nofollow">post</a> on social media platform X (previously known as Twitter), Hayes alleged that the U.S. Treasury Secretary Janet Louise Yellen gave a “terse phone call” to Uchida, asking him not to raise the interest rates due to the potential stress on global markets, including the U.S. nearing the 2024 presidential elections.
Hayes believed Yellen made the call to support the campaign of …
The post <a href="https://coinedition.com/bitmexs-arthur-hayes-links-bojs-rate-decision-to-us-politics/" rel="noopener noreferrer nofollow">BitMEX’s Arthur Hayes Links BOJ’s Rate Decision to US Politics</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

BitMEX’s Arthur Hayes Links BOJ’s Rate Decision to US Politics

Coin Edition

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