Yen Weakness
Immagine generata dall'IA
BOJ 0.75% Rate Hike: Ueda's Outlook, Market Reactions, and Bank Responses
Riportato dall'IA Immagine generata dall'IA
Following its December 19-20 policy meeting, the Bank of Japan raised its rate to 0.75%, prompting yen fluctuations, sustained high inflation, bank rate adjustments, and measured government support amid U.S. tariff concerns and shunto wage prospects.
The Bank of Japan raised its policy rate to 0.75% from 0.5% on December 20, marking a 30-year high aimed at curbing inflation. However, the yen weakened sharply against the dollar and other major currencies. Markets reacted with sales due to the BOJ's vague outlook on future hikes.