business / economy
3 hours ago

Bank of Japan Raises Interest Rate to 0.5%, Highest in 17 Years

Bank of Japan Raises Interest Rate to 0.5%, Highest in 17 Years
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7 Highlights
  • BOJ raises interest rate by 25 bps to 0.5%, the highest since 2008.
  • This is the Bank of Japan's third rate hike in one year.
  • The rate increase aligns with expert forecasts to control inflation.
  • Governor Ueda hints at potential future monetary tightening.
  • The BOJ believes in strong wage growth prospects.
  • Yen volatility is expected due to global uncertainties.
  • Market anticipated hike, preventing yen from declining.
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