Bank of Japan reportedly raises interest rates to a 31-year high
BusinessToday reports that the bank’s governor signalled a new phase focused on preventing inflation from overshooting its target, opening the door to further hikes.
TLDR
The Bank of Japan raised interest rates on September 18 to their highest level in 31 years, BusinessToday reports. The outlet says the governor signalled that the central bank had entered a new phase focused on preventing inflation from overshooting its target, leaving room for further rate increases.
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