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Its clear that Bank of Japan is next year. Its the end of an era. And investors have to get used to higher interest rates across the curve. Eventually this is going to buy and inevitably when the recession comes, spreads are going to widen further from here. The global economy is likely to be heading into a recessionary path. I think were in a rolling recession or were going to get one. Thats a door cycle. This is Bloomberg Surveillance with Tom Keene, Jonathan Ferro and Lisa Abramowicz. It is the end of an era. Its my last shot ever of 20 to 23. He was getting excited from New York City this morning. Good morning. Good morning with Tom Keene and Lisa Abramowicz. Welcome back, Lisa. Im Jonathan Ferro. Equity futures up a half of 1 per cent on a SP 500 TKI. We can finally talk about some company earnings. FedEx, Nike, IBEX this morning. You you lead with us will do a lot in Japan. Talk about the show yesterday and the path forward for Japan. But youre right, there were some ea