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How? The central bank could raise its interest rate target at its meeting today.
The central bank left its benchmark interest rate target at 1.75percentt, a four-decade low.
The central bank's main interest rate target, at 5percentt, is already the highest among G-7 countries.
As expected, the Federal Reserve raised the short-term interest rate target by a quarter percentage point.
Most central banks now set a short-term interest rate target and adjust it frequently.
With the central bank's main interest rate target near zero, they can borrow the yen cheaply, then lend it abroad.
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3. The Fed's interest-rate target went up — finally.
THE Federal Reserve's interest-rate target is at 1%.
It left its short-term interest-rate target at zero to 0.25%.
In December its short-term interest-rate target in effect hit zero.
The short-term interest-rate target was bumped up to 3.75% from 3.5%.
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