Bank of Japan hikes key interest rate to 0.25%

Quick Summary:

The policy shift aims to counter rising import prices and inflation, which consistently exceeded the BOJ's 2% target.

The Bank of Japan addressed the weakening yen by raising its key interest rate to 0.25%.

The move briefly strengthened the yen and boosted Tokyo's stock market.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaJapanUnited States

Topics: Yen's depreciation Economic growth Business news Bank of Japan Inflation Interest rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 14:59:24 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 781 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21869360

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