BOJ Hikes Rate at Fastest Pace in More Than Three Decades
The Bank of Japan raised its benchmark interest rate to 1.25% on Friday as it grapples with rising inflation and pressure from Washington. The move marks Japan’s fastest pace of...
By Bloomberg Markets · Bloomberg Markets
The Bank of Japan raised its benchmark interest rate to 1.25% on Friday as it grapples with rising inflation and pressure from Washington. The move marks Japan’s fastest pace of rate hikes in more than three decades. Aya Wagatsuma explains. (Source: Bloomberg)