The Takaichi Fallout: Japan's rate hike can't fix what politics broke

China Global Television Network (CGTN) - Sep 18, 2026

On Friday, the Bank of Japan delivered a long-anticipated yet highly reluctant interest rate hike, pushing its policy rate to 1.25%, the highest level in 31 years, in a difficult move aimed at countering the persistent downward pressure on the yen and stabilizing the country's exchange rate.

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