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    <title>Bank of Japan raises interest rate, citing higher wages, inflation</title>
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    <description>The Bank of Japan increased its key interest rate from 0.25% to about 0.5%, describing the move as monetary policy tightening prompted by higher wages and inflation holding at a desirable target; the decision followed a two-day policy board meeting and reflects an adjustment of the central bank&#039;s short-term policy rate in response to domestic price developments.</description>
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