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The Bank of Japan said that if the market is unstable, it will not raise interest rates, and Asian stock markets will follow suit

On August 7th, the picture shows the Asia-Pacific market stock market index. Today, Shinichi Uchida, deputy governor of the Bank of Japan, said for the first time after "Black Monday" that the Bank of Japan will not raise interest rates if the market is unstable. The remarks calmed uneasy investors. Asian stocks also rebounded, and the Nikkei 225 index rose by 3%.

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2024-08-07 02:33:06
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