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With Japan's interest rate hike imminent, how will it impact the US stock market?

The Bank of Japan announced its interest rate decision on December 19, with the market widely expecting the central bank to carry out a land Show More
The Bank of Japan announced its interest rate decision on December 19, with the market widely expecting the central bank to carry out a landmark interest rate hike, in stark contrast to the global trend of rate cuts over the past year. Previously, Bank of Japan Governor Kazuo Ueda had signaled a clear intention to raise rates, stating that the pros and cons of a rate hike would be assessed at this meeting. Some analysts believe that an overly aggressive policy shift by the Bank of Japan could trigger the unwinding of carry trades, potentially dealing another blow to U.S. equities. Do you think Japan will be the first to sound the clarion call for a rate hike? How will Japan's interest rate increase affect U.S. stocks?
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