The Bank of Japan raised its benchmark rate to 1%, the highest since 1995, citing energy-driven price pressures and rising inflation expectations. The move continues Japan’s shift away from decades of ultra-low borrowing costs.
Posts tagged as “Sanae Takaichi”
The Trump administration is reportedly preparing to request over $200 billion in emergency supplemental funding from Congress to support ongoing military operations in Iran, potentially using the request to retroactively justify the conflict. While House Speaker Mike Johnson and Defense Secretary Pete Hegseth have not ruled out the large funding package, lawmakers, especially Democrats, have expressed concerns about the lack of congressional authorization and the political challenges in passing such a bill. President Trump defended the surprise nature of the strikes on Iran, compared them to Pearl Harbor, confirmed the funding request, and downplayed the economic impact despite disruptions in the Strait of Hormuz.