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Latest News: The Bank of Japan raises interest rates to a 30-year high: In December, the Bank of Japan will increase the policy interest rate from 0.5% to 0.75%, marking a new high in interest rates in thirty years and signaling a formal shift from its ultra-loose monetary policy. This rate hike is due to the core CPI exceeding the 2% target for 50 consecutive months, and the yen's exchange rate against the US dollar has fallen to a 10-month low, while also facing multiple pressures including pressure from the US. The rate hike may compress the yen's arbitrage space, prompting global investors to sell assets to return to yen, which in turn affects global asset prices.