Bank of Japan hikes policy rates by 25 basis points to highest since 2008
- The bank of japan raised its key interest rate to about 0.5% from 0.25%, marking the highest level since 2008.
- Inflation in japan is holding at around 2%, with consumer prices rising at an average rate of 2.5% last year.
- Share prices fell after the announcement, while the value of the japanese yen gained against the u.s. Dollar.
- Analysts project further rate increases this year, potentially reaching 1% by december, depending on trade tensions and the yen's strength.
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Total News Sources0
Leaning Left12Leaning Right11Center18Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 29%
C 44%
R 27%
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