The Japanese central bank raises interest rates to the highest level since 1995
This announcement led to a rise in 10-year Japanese government bond yields to their highest levels since 2006. The central bank indicated in a statement that "The Japanese economy recovered moderately, although some weaknesses were noted in certain sectors"Pointing to the decline in the state of confusion surrounding the American economy and American trade policy. The Governor of the Bank of Japan, Kazuo Ueda, had recently hinted at raising the interest rate, explaining that the impact of the American customs duties on Japanese exporters is now under control. The bank began tightening its monetary policy in March 2024 after adopting very accommodative policies for a decade. Since 2022, Japan has witnessed a sharp rise in the cost of living, driven by rising oil prices and the decline in the value of the yen. In November, the prices of consumer products in Japan rose by 3% on an annual basis (excluding fresh products), according to figures released on Friday, exceeding the set target.
Upload on Friday raised interest rates to their highest level since 1995, in a decision that was expected given inflation in Interest rate in Japan Interest in Japan
