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<p>JUST IN: EX-BOJ OFFICIAL SAYS JAPAN MAY RAPIDLY HIKE RATES ABOVE 2% THIS YEAR

A former BOJ official warned Japan may speed up rate hikes to above 2% this year as the yen slides.

The BOJ’s current policy rate is 1%, its highest level since 1995, while the yen recently hit ¥162.84 per dollar, its weakest level in nearly 40 years.

Higher Japanese rates could support the yen, but they may also make borrowing more expensive and pressure global risk assets, including crypto.</p>

JUST IN: EX-BOJ OFFICIAL SAYS JAPAN MAY RAPIDLY HIKE RATES ABOVE 2% THIS YEAR
A former BOJ official warned Japan may speed up rate hikes to above 2% this year as the yen slides.
The BOJ’s current policy rate is 1%, its highest level since 1995, while the yen recently hit ¥162.84 per dollar, its weakest level in nearly 40 years.
Higher Japanese rates could support the yen, but they may also make borrowing more expensive and pressure global risk assets, including crypto.

JUST IN: EX-BOJ OFFICIAL SAYS JAPAN MAY RAPIDLY HIKE RATES ABOVE 2% THIS YEAR A former BOJ official warned Japan may speed up rate hikes to above 2% this year as the yen slides. The BOJ’s current policy rate is 1%, its highest level since 1995, while the yen recently hit ¥162.84 per dollar, its weakest level in nearly 40 years. Higher Japanese rates could support the yen, but they may also make borrowing more expensive and pressure global risk assets, including crypto.

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