Bank of Japan Raises Interest Rates to 0.75% as Yen Falls to Historic Lows

TLDR Japan’s central bank increased its key interest rate to 0.75%, the highest since 1995, but the yen dropped to record lows instead of gaining strength. The dollar climbed to 157.67 yen while the euro and Swiss franc hit all-time highs against the Japanese currency on Monday. Japan’s real interest rate remains negative at -2.15% [...]

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