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“Last week, the market faced challenges: The Bank of Japan was unexpectedly hawkish, and the…
Bank of Japan Governor Kazuo Ueda stated on Tuesday that the central bank would consider further reducing monetary stimulus if the country’s underlying inflation rate approaches the 2 percent target, as anticipated by Japanese news agency Kyodo News.
In a significant move, Japan’s central bank, headquartered in Tokyo, has altered its interest rates. The Bank of Japan, operating in the world’s fourth-largest economy, raised its interest rate on Tuesday for the first time in nearly two decades.