The Bank of Japan will make its first decision on Wednesday
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Jul 31
(Tuesday evening, United States time), with analysts divided on whether the Bank of Japan will raise its policy rate from the current 0%-0.1% or signal that it is about to raise interest rates. Japan's inflation rate has been known to be above the central bank's 2% target for some time, and the yen, despite its recent gains, is still hovering near multi-decade lows against the dollar.
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