2024-07-31 00:40:29 ET
- The Bank of Japan raised its key short-term interest rate to 0.25% in July from the prior range of 0 to 0.1%, aiming to maintain inflation above the 2% target.
- The central bank also plans to reduce bond purchases until March 2026, ensuring market stability.
- Following the latest Bank of Japan monetary policy decision, the Nikkei 225 Index rose 0.3% to 38,618 on Wednesday, and the Japanese yen appreciated past 152.8 per dollar.
J apan's unemployment rate unexpectedly fall to 2.5% in June
Japan's June producer inflation rose by 2.9% as expected, highest in ten months
Japan's manufacturing PMI revised downward to 50.0 in June than initially thought
- Japan's inflation rate accelerates in May to 2.8%; core inflation lower than expected at 2.5%
- Japan Q1 GDP shrinks more than expected on weak consumer spending
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Bank of Japan raises policy rate to 0.25%, tapers bond buying