Bank of Japan to Take Interest Rates to 30-Year High
- The Bank of Japan is expected to raise interest rates from 0.5 percent to 0.75 percent for the first time since January, according to economists polled by Bloomberg.
- This rate hike would mark the highest level in 30 years, impacting debt markets significantly.
- Takaichi, Japan's first woman prime minister, welcomes this move as a way to help keep inflation in check.
- Japan has the highest debt to gross domestic product ratio among major economies, projected to reach 232.7 percent this year, as noted by the International Monetary Fund.
45 Articles
45 Articles
Bank of Japan Preview - ActionForex
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The crypto sector is entering a notable week as the impending rate decision of the Bank of Japan is getting significant attention. The respective decision could drastically shift the broader market sentiment. As per the data from Polymarket, Bitcoin ($BTC) could be the top crypto asset to witness the impact of this development. Hence, Monday is reportedly setting the pace for the entire week, while the traders are keenly observing the outcomes o…
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