Bank of Japan hikes rates to 31-yr high amid growing inflationary risks
Bank of Japan raises rates to 31-year high as inflation pressures mount.
· Source: investing.com
The Bank of Japan has lifted interest rates to their highest level in 31 years, signaling a more hawkish stance against persistent inflation. This move is likely to strengthen the yen and could pressure risk assets, particularly if it signals an end to ultraloose monetary policy that has underpinned global carry trades and equity valuations.
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