Japan Hikes Interest Rates to Highest Level in 17 Years Amid Rising Prices
24 Jan 2025
Japan’s central bank has raised borrowing costs to their highest point in 17 years. This decision comes after consumer prices saw an accelerated rise in December. The Bank of Japan (BOJ) increased its short-term policy rate to "around 0.5 percent." This move follows recent data showing that prices in December...
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