Breaking 🚨
🇯🇵 Bank of Japan just raised interest rates by 25 bps to 0.75%
This is the highest level in 30 years.
Previous rate: 0.50%
New rate: 0.75%
Last hike this big: 1995
Japan's 10-year bond yield hit 2% for the first time since 2006.
The era of cheap Japanese money is ending. Global liquidity is tightening.