It’s been a big week for central banks around the world. Yet among the flurry of rate decisions, the Bank of Japan’s move stands out. After decades of near-zero interest rates, policymakers are betting Japan’s economy is finally returning to something closer to normal.

On today’s Big Take Podcast, K. Oanh Ha and Bloomberg’s Paul Jackson explore why the Bank of Japan is hiking rates at its fastest pace in decades, what the shift means for the yen carry trade and how Japan’s policy moves could ripple across global markets.

Read more: BOJ Hikes at Fastest Pace Since 1990 After Bessent’s Calls

Hosted by K. Oanh Ha and David Gura; Guest: Paul Jackson; Produced by Naomi Ng, Julia Press and David Fox; Edited by Crispina Robert and Paddy Hirsch. Engineering by Sean Carter.

It&rsquo;s been a big week for central banks around the world. Yet among the flurry of rate decisions, the Bank of Japan&rsquo;s move stands out. After decades of near-zero interest rates, policymakers are betting Japan&rsquo;s economy is finally returning to something closer to normal.
On today&rsquo;s Big Take Podcast, K. Oanh Ha and Bloomberg&rsquo;s Paul Jackson explore why the Bank of Japan is hiking rates at its fastest pace in decades, what the shift means for the yen carry trade and how Japan&rsquo;s policy moves could ripple across global markets.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-09-18/boj-hikes-rates-at-fastest-pace-since-1990-as-inflation-persists">BOJ Hikes at Fastest Pace Since 1990 After Bessent&rsquo;s Calls</a>
Hosted by K. Oanh Ha and David Gura; Guest: Paul Jackson; Produced by Naomi Ng, Julia Press and David Fox; Edited by Crispina Robert and Paddy Hirsch. Engineering by Sean Carter.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Japan Hikes Rates, Reshaping Carry Trade

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5121b7e2-3ff5-4192-9ed7-b4c9015a7a47/transcript