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Bank of Japan is expected to raise interest rates next year, signaling the end of an era. Investors need to prepare for higher interest rates. When the recession hits, spreads will widen further. The global economy is likely heading towards a recessionary path. Bloomberg Surveillance discusses the economic cycle and future prospects for Japan. Equity futures are up, and company earnings for FedEx, Nike, and IBEX are being discussed. Good morning from New York City with Tom Keene, Lisa Abramowicz, and Jonathan Ferro.
