Bank of Japan hiked short-term rates to 0.75% from 0.5% – highest since 1995 – signalling more increases ahead to normalise policy after decades of near-zero rates. Confident in stable 2% inflation backed by wage growth, BOJ ends ultra-loose era amid deflation battle recovery. Unlike Fed and RBI cutting rates, Japan’s move strengthens yen, triggering unwind of popular yen carry trades and potentia
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