And Vishnu Varathan, at Mizuho Bank, told Bloomberg Television that equities were struggling because officials "probably can't ignite spirits to the same extent where stimulus will get them into high growth multipliers".

Source: https://www.legit.ng/business-economy/1540838-asian-markets-fall-traders-eye-rate-hikes/

Sumitomo Mitsui Banking is planning a similar interest rate hike, while Mizuho Bank has said it is considering a rate increase.

Source: https://www.japantimes.co.jp/business/2023/11/03/companies/japan-banks-raise-rates/

“The need for ‘higher for longer’ rates was made plain," said Vishnu Varathan of Mizuho Bank in a report.

Source: https://www.kelownadailycourier.ca/business_news/national_business/article_7faa69a9-889c-5eae-ae46-89a1d9eb8b57.html

“The PBoC (People’s Bank of China) showed little intention to defend the (yuan),” Ken Cheung, chief Asian FX strategist at Mizuho Bank, wrote in a client note.

Source: https://business.inquirer.net/402617/dollar-gains-after-fitch-watch-heightens-debt-ceiling-jitters