Japan raises interest rate to highest since 1995The Bank of Japan has been raising rates from near-zero since 2024.1 hr agoBusiness

Japan raises interest rate to highest since 1995The Bank of Japan has been raising rates from near-zero since 2024.1 hr agoBusiness

💰 Economy
📡 2 sourcesAl Jazeera Economy, BBC Business
Summary

Japan's central bank, the Bank of Japan, has increased interest rates to their highest level since 1995, marking a significant shift in monetary policy. This move follows a series of rate hikes initiated in 2024, as the bank seeks to combat inflation and stabilize the economy.

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