Bank of Japan’s rate rise is not a sign of a radical policy shift

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Published by Anonymous (not verified) on Wed, 20/03/2024 - 1:31pm in

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Inflation, Japan, Music

Yesterday, the Bank of Japan increased its policy target rate for the first time in 17 odd years and it set the noise level among the commentariat off the charts – ‘finally, they have bowed to the pressure from the financial markets’, ‘major tightening’, ‘scraps radical policy’, etc – all the hysteria. The reality is…