JPY News Today: Bank of Japan’s Rate Hike Impacts Markets on December

The Bank of Japan (BOJ) has made a significant move by increasing interest rates to 0.75%, marking the highest level since 1995. This decision, aimed at curbing rising inflation and strengthening the Japanese yen, has generated substantial ripples across financial markets. For Canada, this development could mean a notable shift in trade dynamics and investment flows. With the yen gaining ground, the already swift Nikkei 225 Index (^N225) is directly impacted, catalyzing discussions about Japan’s economic strategy moving into the new year.