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The Bank of Japan is expected to raise interest rates next year, marking the end of an era for investors. As rates increase, spreads are likely to widen, signaling a potential recession. The global economy may be heading towards a downturn, with talk of a rolling recession. Bloomberg Surveillance covers the market outlook with Tom Keene, Jonathan Ferro, and Lisa Abramowicz. Equity futures are up as company earnings, including FedEx and Nike, are discussed. Focus is on Japan's economic path and future prospects.