Bank of Japan Raised Rates. Here’s Why You Should Care.
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Rising Japanese rates and a stronger yen threaten carry trades and could pressure crypto markets despite easing U.S. policy.
TOKYO, Dec 19 (Reuters) - The Bank of Japan raised interest rates on Friday to levels unseen in three decades and signaled its readiness for further hikes beyond next year, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs.