Japan Ends 17-Year Stint of Negative Rates: BOJ Raises Borrowing Costs
Japan’s central bank has broken a 17-year trend by raising its borrowing costs for the first time. The Bank of Japan (BOJ) has lifted its key interest rate from -0.1% to a range of 0%-0.1% in response to a surge in wages following a rise in consumer prices. This move marks the end of negative […]
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