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المشهد العربي
Japan Likely to Raise Rates to 2 Percent
The Bank of Japan is expected to raise interest rates to 2% by next June to combat rising inflation. Previously, the interest rate was at 1.25% in September, aimed at curbing increasing energy costs and the depreciation of the yen along with weak demand. Experts believe that a 70-80% increase in oil import costs is leading to higher inflation, while expansion of domestic fiscal policy and the weakening yen support economic activity. However, these factors also raise concerns about the currency's decline against the dollar.
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