The Bank of Japan raised interest rates by 0.25 basis points, the yen fell to 4.98, and the rise in Japanese stocks expanded to 1%

According to Japanese media reports, the Bank of Japan raised interest rates by 0.25 basis points as the market expected, increasing the policy rate from 0.5 basis points to 0.75 basis points, the highest level in 30 years. The report indicated that the Bank of Japan passed the policy resolution with a unanimous vote of 9:0, and if the economic and price outlook is realized, further rate hikes are expected. Following the announcement of the rate hike, the Japanese yen weakened, with the USD/JPY rising to 156, and every 100 yen trading at 4.98 Hong Kong dollars. The Japanese stock market also saw an expanded increase, with the Nikkei index rising 1.5% latest