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The Bank of Japan is preparing for higher interest rates next year, marking the end of an era for investors. When a recession hits, spreads are expected to widen further. The global economy may be heading towards a recessionary path, with signs of a rolling recession. Bloomberg Surveillance discusses these economic shifts with Tom Keene, Jonathan Ferro, and Lisa Abramowicz. Equity futures are up with company earnings coming in from FedEx, Nike, and IBEX. Japan's economy and future direction are also topics of discussion.