๐ฐ News Alert:
๐ Title: Japan Raises Interest Rates to Highest Level Since 2008
๐๏ธ Published: Fri, 24 Jan 2025 03:26:05 +0000
๐ Summary: "Bank of Japan considers raising interest rates as inflation and wage growth make a comeback after stagnation period. Economic indicators suggest a positive shift in monetary policy."
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๐๏ธ Source: NYT > Business
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Japan Raises Interest Rates to Highest Level Since 2008
The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.