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.
- Consumer prices in Japan rose last year at an average rate of 2.5%, with a 3% rise in December alone.
- The Bank of Japan signaled that more interest rate increases may come, with analysts projecting rates could reach 1% by December.
- Japan's Prime Minister Shigeru Ishiba faces challenges in trade relations with the United States amid rising tensions and potential tariffs.
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Total News Sources0
Leaning Left9Leaning Right8Center16Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
49% Center
L 27%
C 49%
R 24%
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