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🇯🇵 The Bank of Japan raised interest rates by 25 basis points to 0.75%
This is the highest level in 30 years.
Previous interest rate: 0.50%
New rate: 0.75%
Last increase of this magnitude: 1995
The yield on 10-year Japanese bonds reached 2% for the first time since 2006.
The era of cheap Japanese money is coming to an end. Global liquidity is tightening.