The Bank of Japan raised interest rates 15 basis points, the dollar against the yen USD/JPY short-term down 110 points
2024-07-31 04:06:30
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On July 31st, according to Jin Ten, the Bank of Japan raised interest rates by 15 basis points, and the dollar fell 110 points against the yen USD/JPY short-term, now at 151.81. The Bank of Japan said that from Quarter 1 in 2026, the monthly bond purchase scale will be reduced to 3 trillion yen. It plans to buy Japanese government bonds 7.50 billion yen twice a month from August to September, with a maturity of more than 25 years (previously twice a month to buy 5 billion to 10 billion yen).
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