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🇯🇵 BOJ delivered a widely expected move. The Bank of Japan raised rates by 25 bps to 0.75%, the highest level in 30 years, in a unanimous vote. Key points: • Economy seen recovering moderately • Wages and inflation expected to rise together • Labor market tight, corporate profits strong • Real rates still deeply negative • Policy remains accommodative Markets weren’t surprised. The yen weakened post-decision, confirming this was priced in. This was normalization, not tightening.
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