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Bank of Japan (BOJ) Interest Rate Announcement
Definition: The Bank of Japan is the Japanese equivalent of the FOMC and BOE. They release their short-term rate after a meeting of the BOJ Monetary Policy Committee. The decision is made with a heavy focus towards controlling inflation. economy.
Additional Info: Rising inflation is controlled by raising rates while lowering rates can help stimulate a slowing economy. The Interest Rate Announcement is void of any commentary so traders look to the BOJ press conference for an insight into the decision making process and clues to future interest rate changes. Related Terms: BOJ Meeting Minutes - BOJ Monetary Policy Report - ECB Interest Rate Announcement - BOE Interest Rate Statement - FOMC Interest Rate Statement
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