Bank of Japan set to raise rates to 1.25 percent
The Bank of Japan is expected to raise interest rates to 1.25 percent on Friday. The move aims to counter inflation risks driven by a weak yen and import costs.
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The Bank of Japan is set to raise its policy rate to 1.25% on Friday, marking a 31-year high as officials combat inflation risks. The move follows recent monetary tightening by the Federal Reserve in the United States, which has amplified pressure on the yen.
