Japan’s Bold Economic Move: BOJ Raises Interest Rates for First Time in 17 Years

On July 31, 2024, the Bank of Japan (BOJ) made a historic decision to raise its interest rate to 0.25%. This marks the end of Japan’s negative interest rate policy and a significant shift in its monetary strategy. The BOJ board approved the hike with a 7-2 majority vote, signaling renewed confidence in Japan’s economic […]