The Bank of Japan headquarters (top C) is seen in Tokyo on December 19, 2023.
Kazuhiro Nogi | Afp | Getty Images
Japan’s central bank has raised its benchmark interest rate to “around 0.25%” from it previous range of 0% to 0.1% and outlined its plan to taper its bond buying program.
The Bank of Japan said that it will reduce the monthly outright purchases of Japanese government bonds to about 3 trillion yen per month in the January to March 2026 quarter.
The amount will be cut by around 400 billion yen per quarter, the BOJ added.
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