Bank of Japan raises rates to 31-year high amid yen weakness
The Bank of Japan raised interest rates to a 31-year high, but the yen weakened rather than strengthened in response, Reuters reports. According to Reuters, President Trump and Xi Jinping are preparing for talks next week focused on trade, AI, and semiconductors. Reuters also reports that China is pressing Iran to restrain its Houthi allies as part of broader efforts to ease pressure on global oil supplies and shipping.
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