Bank of Japan Raises Rates, Ending Era of Low Rates
Update: 2025-12-19
Description
Bank of Japan Raises Interest Rates for First Time in Almost Three Decades: A Historic MoveThe Bank of Japan has made a significant shift in its monetary policy, increasing its main interest rate by a quarter of a percentage point, marking the highest rate since 1995. Governor Kazuo Ueda emphasized the end of Japans era of extremely low rates, potentially impacting global financial markets. With predictions of continued economic growth and inflation, the bank plans to maintain rate hikes, aiming to avoid larger increases in the future. This move is considered historic, signaling a clear commitment to further policy changes.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
