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The Bank of Japan raised its interest rates to 0.5%, the highest level since the 2008 financial crisis, demonstrating confidence in stable inflation around the 2% target. The central bank's decision follows rising wages and aims to gradually increase rates to around 1%, amidst stable financial markets.
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The move comes hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.
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News and Media
Jonathan Reynolds told the BBC doing a deal to ease UK exports of food would not cross the government's red lines
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News and Media
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