Reported about 5 hours ago
The Bank of Japan is poised to raise interest rates to their highest since 2008, with global financial markets responding calmly to Donald Trump's return to the presidency. BOJ Governor Kazuo Ueda's anticipated hike, the third in less than a year, reflects confidence as economists predict changes in borrowing costs amid rising inflation expectations. Market analysts suggest the move is essential for Japan's economic normalization, despite concerns over the impact of a weak yen and scrutiny over the bank's communication strategies.
Source: YAHOO