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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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TRUEBITCOINER.COM broke the news in on Thursday, January 23, 2025.
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