Luke Vargas

But if you zoom out, this is still very new territory for the BOJ.

As you mentioned, inflation, sticky, a novelty for households in Japan.

So maybe this move keeps that inflation in check.

And from a Japanese standpoint here, there are other potential virtuous behaviors this could unlock among investors.

And if it does, you know, good for Japan, potentially less so for places like the U.S.

where that money had been parked.

Journal Tokyo Bureau Chief Jason Douglas, appreciate you dropping by with an update.

As always, thank you.

And finally, if you're heading out for some last-minute holiday shopping this weekend, you may want to consider grabbing a few extra bottles of European wine for your cellar.

That's because with a coming 15% tariff on EU goods set to apply to wine produced this year and shipping in the coming months, Americans can soon expect to pay more.

Add to that the euro's rise against the U.S.

dollar, and Journal reporter Laura Cooper says now may be the time to buy or to start drinking less.

And that's it for What's News for this Friday morning.

Today's show was produced by Hattie Moyer.

Our supervising producer was Daniel Bach.

And I'm Luke Vargas for The Wall Street Journal.

We will be back tonight with a new show.

Otherwise, have a great weekend and thanks for listening.

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