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Bank of Japan raises interest rates for first time in 17 years

For the first time in 17 years, the Bank of Japan raised its benchmark interest rate. The BOJ was the last of the major central banks to have negative interest rates. Now, its target range is 0.0-0.1%. The move had been widely telegraphed, but investors will be watching to see what the ripple effects of the move are. Yahoo Finance's Akiko Fujita breaks down the move in the video above. #youtube #Japan #yahoofinance About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X:   / yahoofinance   Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook:   / yahoofinance   LinkedIn:   / yahoo-finance