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Bank of Japan Raises Interest Rates for Second Time Since 2007
Posted
July 31, 2024
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3:13Now PlayingThe Bank of Japan raised its benchmark interest rate and unveiled plans to halve its bond purchases on Wednesday. The BOJ increased its policy rate to around 0.25% from a range of 0 to 0.1%, and said it would reduce its monthly pace of bond buying to around ¥3 trillion ($19.6 billion) in the first quarter of 2026. Shery Ahn reports from Tokyo on Bloomberg Television.
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