Bank of Japan Prepares for Interest Rate Hike, Impacting Global Markets

The Bank of Japan (BOJ) is poised to raise interest rates at its upcoming policy meeting, potentially reaching levels last seen in 1995. This potential rate hike would signal a significant shift in the nation’s monetary policy and has implications for global markets. Analysts attribute this move to stable economic conditions and anticipate the impact on currency valuations, risk sentiment, and cryptocurrencies such as Bitcoin and Ethereum.