BOJ raises rate to 0.5% announced
Posted: Jan 24, 2025
- Bank of Japan raised interest rates to 0.5% to strike a balance between supporting the domestic economy and keeping the yen from weakening
- This is the third hike under Gov. Kazuo Ueda
- The policy rate is now at its highest level in 17 years
- Market had already expected a hike
- Uncertainties about global economy with Donald Trump as U.S. president.
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - There is a blend of negative sentiment about Japan's economic situation and some neutral comments on personal investments. Overall, the discussion leans towards a pessimistic outlook on the economy. Summarized comments: - Concerns about Japan's long-term economic recession and demographic challenges - Some users express pessimism about Japan's economic future due to a declining population and stagnant growth - Discussion on Japan's overall quality of life despite economic issues - Some users speculate about the impact of megacorporations on Japan's economy - Remarks about potential central bank policies and the role of government in demanding lower rates - Discussion on personal investment experiences, such as puts being down 30% - Expectations about the rate hike being anticipated
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