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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 the global economy heads into a recessionary path, spreads are likely to widen further. This is discussed on Bloomberg Surveillance with Tom Keene, Jonathan Ferro, and Lisa Abramowicz. The show also covers company earnings, including FedEx, Nike, and IBEX. The focus is on Japan's economic situation and the path forward.