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Japan raises interest rate to new 31-year high to curb rising prices
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Guardian World
Japan raises interest rates to 31-year high to curb impact of rising prices
Increase from 1% to 1.25% follows US Federal Reserve and European Central Bank tightening monetary policy
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Japan’s central bank has increased interest rates to a fresh 31-year high as it attempts to combat high global inflation linked to the war in Iran.
The Bank of Japan voted to raise its target interest rate from 1% to 1.25%, the highest level since 1995.
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18 Sept, 07:14
BBC Business
Japan raises interest rate to new 31-year high to curb rising prices
Central banks around the world have hiked rates as high energy prices are pushing up inflation.
18 Sept, 02:56
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