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Bank of Japan Resumes Hiking Rates as Economy Strengthens

Posted on the 24 January 2025 by Phil's Stock World @philstockworld

The central bank lifted its target for the overnight call rate to 0.5% from 0.25% TOKYO-The Bank of Japan raised interest rates on Friday to the highest level since October 2008, as the economy makes steady progress toward the bank's goal of stable 2% inflation and wage-backed growth. The Japanese ...

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