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Bank of Japan Raises Interest Rate to 0.5%, Highest in 17 Years
Asia.nikkei.com
- 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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