Bank of Japan Raises Rates to 0.75%, First Hike in 11 Months

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The Bank of Japan raised its short-term rate to 0.75%, the first hike in 11 months, as inflation and wage growth push the central bank toward tighter policy. Borrowing costs hit a 30-year high but remain below global peers. The yen held steady, with investors eyeing the fear and greed index for market sentiment shifts. Governor Kazuo Ueda said future moves depend on data, including wage talks and price trends. The BOJ left room for more hikes if conditions improve. Traders are now scanning altcoins to watch for potential volatility amid shifting monetary signals.
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