What does the Bank of Japan increasing its interest rate from .25% to .5% mean and why is it causing panic in the markets?

Question

I’m no good at economics lol

In: 4812

Answer 1

Check the economics explained episode on Japan. He explains it very well.

Japan is out of the norm of most countries.

Interestingly enough i believe he explained that there are 4 types of economies in the world.

Developed, underdeveloped, Japan and Argentina (them both being outside the norm for various other reasons) his channel is awesome by the way