The economy contracted 1.2 percent as consumers and businesses were hit with rising import prices.
Tag: Bank of Japan
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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Why Japan Stands Virtually Alone in Keeping Interest Rates Ultralow
The yen is plummeting and inflation is climbing, but Japan’s economic circumstances have led to a view that raising rates would do more harm than good.
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Japan Intervenes to Prop Up the Sliding Yen
The currency’s decline to a point not seen in 24 years prompted the rare action as officials keep interest rates low.