Bank of Japan just raised short-term interest rates to 0.75% from 0.5% — the first hike in 30 years and a unanimous decision signaling the end of decades of near-zero rates and massive easing.
Governor Kazuo Ueda will explain the move later today. This is a landmark shift for the world’s third-largest economy.
Caught it in 38 seconds on One Minute News this morning — clean, neutral, no hype. @tham_yikfoong
Replies