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S7/10Economic

BOJ Hikes Rate at Fastest Pace in More Than Three Decades

The Bank of Japan raised its benchmark interest rate to 1.25% on Friday as it grapples with rising inflation and pressure from Washington.

The move marks Japan’s fastest pace of rate hikes in more than three decades. Aya Wagatsuma explains. (Source: Bloomberg)

Source: Bloomberg MarketsOriginal source

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