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Bank of Japan hikes rates for first time since 2007

9 months ago Economy theborneopost
TOKYO (March 20): Japan’s central bank pulled the plug Tuesday on its ultra-aggressive monetary stimulus programme, hiking rates for the first time since the global financial crisis. The Bank of Japan’s outlier policy of negative rates and massive asset purchases was aimed at jump-starting economic growth and price rises after the “lost decades” of stagnation [...] Read more at: theborneopost

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