Bank of Japan Set to Hike Interest Rates to 17-Year High
2025-01-20
YAHOO!Finance
The Bank of Japan is poised to increase interest rates, potentially reaching the highest level in 17 years, barring unforeseen market fluctuations. This move is anticipated to occur on Friday, coinciding with the onset of US President-elect Donald Trump's term. As a result, short-term borrowing costs are expected to surge to levels not seen since the 2008 global financial crisis, impacting monetary policy and economic stability. Key factors influencing this decision include economic indicators, global market trends, and the potential impact of US policy changes. Experts will closely monitor the effects of this rate hike on the global economy, including inflation rates and currency exchange rates.
