The Bank of Japan hiked its policy rate by 25 basis points to 1.25%, the highest since 1995, as elevated inflation continues to pressure the economy. The move marks the shortest gap between rate increases since the BOJ began normalizing monetary policy in March 2024, coming just three months after June’s hike, down from a six-month gap previously. The decision passed 7-2, with board members Toichiro Asada and Ayano Sato dissenting. Both are seen as reflationists and were appointed earlier this year by Prime Minister Sanae Takaichi. The hike had been widely anticipated, adding Japan to a broader global cycle of rising interest rates.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
After the recent correction, the Bitcoin price is rebounding and approaching a critical point as…
Robinhood Markets (NASDAQ: HOOD) stock fell around 7% in premarket trading on October 28 after…
The Federal Reserve’s October 28 interest-rate decision could influence Bitcoin and the broader crypto market.…
Cregis says larger brokers are increasingly looking beyond payment acceptance as digital asset operations become…
Nvidia is facing a mix of growing demand from US customers and weaker business in…
Story Highlights The live price of the COMP crypto is . The Compound price could…
