- 24-year low for the Japanese yen
- The Bank of Japan kept its benchmark rate for short-term borrowing at -0.1%.
- The decision was made shortly after the US announced a 75 basis point rate increase, its third consecutive increase.
- The prolonged conflict in Ukraine has raised commodity costs, which are projected to put negative pressure on the Japanese economy.
- Nevertheless, given the easing of the effects of COVID and supply chain difficulties, the economy is projected to rebound. In terms of cost.
