Bank of Japan set to raise interest rates to 31-year high

TOKYO: The Bank of Japan is set to raise interest rates to a 31-year high on Friday and pledge to deliver more to counter inflation risks, which may heighten if the start of a U.S. rate-hike cycle weakens the yen against the dollar.

The widely expected move would be the first hike in three months and take interest rates closer to levels the BOJ deems neutral to the economy, marking another step away from decades of ultra-low rates that cemented the yen's status as a cheap global funding currency.

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东京：日本央行将于周五将利率上调至31年来的最高水平，并承诺将采取更多措施来应对通胀风险。如果美国开始加息周期，日元兑美元汇率走弱，通胀风险可能会加剧。

此次加息是市场普遍预期的举措，将是三个月来的首次加息，并将利率提高到日本央行认为对经济中性水平的水平，标志着日元摆脱数十年来超低利率的局面，而超低利率巩固了日元作为廉价全球融资货币的地位。

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