Bank of Japan raises interest rates again – Markets react
Share link:In this post: The Bank of Japan raised its short-term interest rate to 0.25% to combat the yen’s decline against the US dollar and address inflation. The Tokyo stock market initially dipped but then rebounded after the BOJ’s announcement. The yen appreciated by 1.8% against the US dollar, reaching its strongest level since March, as investors welcomed the BOJ’s decision.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based
The Bank of Japan surprised many today by raising its short-term interest rate to 0.25%. This is the second increase in recent months, as the BOJ attempts to curb the yen’s decline against the US dollar and move towards more normal monetary policies.
Our financial markets’ response was immediate and massive. The Tokyo stock market felt it first. Initially, stocks dropped by 0.4%, as investors braced for the BOJ’s announcement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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