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As Federal Reserve raises rates, Bank of Japan stays put • FRANCE 24 English

FRANCE24, 22 Sep 2022
Many central banks around the world are following the lead of the #US Federal Reserve and raising their benchmark interest rates in order to rein in #inflation. The Bank of Japan, however, is marching to the beat of its own drum. At a policy meeting this Thursday, the bank maintained its ultra-loose monetary policy in a bid to spur more internal demand. Meanwhile, the yen and many other currencies continue to fall against the dollar. #business

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