The Bank of Japan raised its benchmark rate to 1% in a 7-1 vote on Monday, the highest since September 1995, as Iran war energy costs push Japan’s inflation above target.
Tag: Japan
Posted inMarkets
Japan’s lower house cuts crypto gains tax from 55% to a flat 20%
Japan’s National Diet approved legislation on June 11 reclassifying digital assets as financial instruments under the FIEA, slashing the top crypto tax rate from 55% to a flat 20% effective 2028.
Posted inEconomy
Bank of Japan holds at 0.75% but a three-way dissent signals the next hike is close
The Bank of Japan’s April 28 decision passed 6-3, with three board members calling for an immediate rise to 1.0% — the sharpest internal split in years, set against a slashed growth forecast and rising inflation tied to Iran war energy costs.