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Urgent: Bank of Japan raises interest rate to 0.5 pct

Urgent: Bank of Japan raises interest rate to 0.5 pct

Xinhua
24 Jan 2025, 09:15 GMT+

TOKYO, Jan. 24 (Xinhua) -- The Bank of Japan on Friday raised its policy interest rate to 0.5 percent from 0.25 percent, in line with market expectations and marking another step to unwind its long-standing ultra-loose monetary stimulus.

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