Japan Faces Rising Inflation Pressure as BOJ Considers Further Rate Hikes

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Japan’s inflation pressure is increasing as the Bank of Japan keeps tightening policy. The BOJ raised its rate to 1.25%, while the 10-year government bond yield reached 3%. The yen remains near ¥157 per dollar, raising the cost of imported energy and commodities. Manufacturing PMI reached 54.9, while services stood at 52.5, indicating continued economic …