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  • Business
    The Canadian Press

    The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

    TOKYO (AP) — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The short-term rate was raised to a range of 0 to 0.1% from minus 0.1% at a policy meeting that confirmed expectations of a shift away from ultra-lax monetary policy. It’s the first rate hike since February 2007. The bank had set an inflation target of 2% as an indicator that Japan had finally escaped deflationary

  • Politics
    The Canadian Press

    4 things to know from Elon Musk's interview with Don Lemon

    SAN FRANCISCO (AP) — Former CNN reporter Don Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk’s X social network Monday. The interview was supposed to kick off Lemon’s new talk show on X, formerly known as Twitter, at least until Musk canceled the show shortly after the interview was recorded. Over the course of slightly more than an hour, the two men jousted over subjects ranging from the political consequences of immigration and the benefits and harms of content

  • Business
    Bloomberg

    Japanese Banks Will Get Earnings Bump From Deposits at BOJ

    (Bloomberg) -- Japanese banks will start earning billions of yen in interest on their deposits with the Bank of Japan after it scrapped negative rates. Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesMusk Says His Ketamine Prescription Is in Investors’ Best InterestsTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorPutin Warns Russia Won’t Stop After Predictable Election WinMajor ba

  • Business
    Bloomberg

    Yen Drops as BOJ Raises Rate, First in 17 Years: Markets Wrap

    (Bloomberg) -- The yen weakened after the Bank of Japan said it will continue to buy government bonds even as it brought an end to the world’s last negative rates regime and scrapped other unorthodox measures including yield curve control.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesMusk Says His Ketamine Prescription Is in Investors’ Best InterestsTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conq