• July 31, 2024

Bank of Japan Raises Interest Rates. What It Means for the Dollar.

The Bank of Japan raised its key interest rate to 0.25% on Wednesday. With the Federal Reserve poised to start lowering rates soon, that could help weaken the dollar and help the yen. While the BOJ move was widely expected, it’s significant because it ends decades of Japan keeping short-term interest rates near or below zero.