BOJ hikes interest rates to 30-year high
The Bank of Japan has raised its main interest rate to 1%, the highest level since 1995, in an effort to contain the yen's weakness and inflation, which has exceeded 2% since spring 2022. This follows a gradual tightening of its policies since 2024. This decision comes amidst a global trend toward monetary tightening ahead of the US Federal Reserve meeting, which warned that rising oil prices could lead to a widespread increase in the prices of commodities.
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