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Japan Raises Rates to 31-Year High to Ward Off War Inflation

Japan Raises Rates to 31-Year High to Ward Off War Inflation

Going against Prime Minister Takaichi’s wishes, Japan’s central bank acted amid U.S. pressure, a tanking currency and inflation from energy disruptions.

Source: https://www.nytimes.com/2026/06/16/business/japan-interest-rates-war.html

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