The Bank of Japan has raised its interest rate to 1%, hitting a peak not seen in 31 years. This makes yen loans more expensive and tightens liquidity for investments. Bitcoin is still holding strong above $66,000.
The Bank of Japan (BoJ) has accelerated the normalization of its monetary policy during this period, culminating in historic hikes that have left behind decades of near-zero interest rates. This tightening is due to persistent inflation and a historic surge in wage negotiations
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