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The Bank of Japan is expected to raise interest rates next year, signaling the end of an era for investors. As rates increase, spreads are likely to widen further during a recession. The global economy appears to be entering a recessionary path, with concerns of a rolling recession. Bloomberg Surveillance discusses this economic shift with Tom Keene, Jonathan Ferro, and Lisa Abramowicz. Equity futures are up, and company earnings, including FedEx, Nike, and IBEX, are being discussed. Japan's economic future is also a topic of interest.