🚨 MARKET UPDATE — Bank of Japan Raises Interest Rates 🇯🇵
The Bank of Japan (BOJ) has raised its key policy interest rate by 25 basis points to 0.75%, the highest level in about 30 years as it continues moving away from decades of ultra-low rates aimed at combating deflation. This was widely expected by markets. �
Reuters +1
📌 What happened:
• BOJ lifted rates to 0.75% from 0.50%, marking the highest policy rate since the 1990s. �
• The hike is intended to address persistent inflation, which has remained above the BOJ’s ~2% target. �
• Officials signalled they are open to further increases in future meetings, although timing and pace remain uncertain. �
Reuters
AP News
investingLive
🌍 Market implications:
• The yen weakened in response, a sign markets may be pricing in slower or cautious further tightening. �
• Global investors are watching this move alongside other major central bank policies for broader impact on risk assets and flow dynamics. �
Reuters
WKYC
📈 Important context:
• This BOJ decision is part of a shift toward more normalized monetary policy after decades of near-zero rates. �
• Central bank policies can influence global bond yields, FX markets, and cross-asset sentiment — but reactions are complex and vary across asset classes. �
AP News
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Stay tuned for official BOJ commentary and global market responses as conditions evolve.$