25BPS Increase in interest rate by Japan, what next??

1. Bank of Japan #BOJ raised its interest rate to 0.5%, the highest since the 2008 financial crisis.

2. BOJ's projections
Forecast of core consumer inflation to hit 2.4% in 2025 FY.
Economic growth projected at 1.1% in 2025 and 1.0% in 2026.

3. Impact on global economy
#Dollar weakening against the Yen and Japanese bond yield rising.
Wage rates rise and inflation gets closer to the target of 2% by BOJ.

4. Indicators for stabilization
Japan's GDP growth - a key indicator of understanding the rate hike being beneficial or not.

In Other hand, US President urges for lower #Crudeoil prices and calls for immediate Interest rate cut. FED meet next week
RBI is going to follow same action on 6th 7th MPC meet.
#BOJ