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The Independent UK
The Independent UK
National
Elaine Kurtenbach

What to know about the possible impact of Japan's rate hike

Japan Economy - (Copyright 2022 The Associated Press. All rights reserved.)

Global investors are bracing for a possible interest rate hike by the Bank of Japan on Friday, a move that would take the benchmark to a 30-year high, potentially rattling world markets.

The BOJ began its final policy meeting of the year Thursday. It's expected to wrap up that meeting by raising its key policy rate by 0.25 percentage points to 0.75%, the highest level since September 1995.

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