Reported 2 days ago
The Bank of Japan has raised its key policy interest rate to 0.5%, the highest in 17 years, signaling a more optimistic outlook on inflation and potentially paving the way for future rate hikes. This move is aimed at stabilizing the yen and aligns Japan with other global central banks adjusting their monetary policies. The decision, influenced by rising consumer prices and economic conditions, reflects a gradual shift in Japan's long-standing low-interest-rate environment.
Source: YAHOO