The Bank of Japan raises interest rates to 0.75%

Today, the Bank of Japan raised interest rates to the highest level in three decades, ending further monetary easing policies.
The bank unanimously decided to raise the short-term interest rate to 0.75%, compared to 0.5% previously.
The bank explained in a statement that the cycle of raising interest will continue, stressing its intention to continue increasing borrowing costs if its economic expectations are met.
Following the decision, the Japanese yen fell by more than 0.3% to 156.02 against the dollar.