Bank of Japan Raises Interest Rates to 31-Year High
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The Bank of Japan raised interest rates to a 31-year high, citing inflation nearing its 2 percent target and pressure from the United States.

The Bank of Japan lifted its benchmark interest rate to a 31-year high, citing underlying inflation that Governor Kazuo Ueda says is approaching the central bank’s 2 percent target. The widely expected move comes amid growing inflationary risks and external pressure, including from the United States.

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